Coker University

Analysis

Coker University is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in August 1934, 92 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Coker University reported income of $26.3m and spending of $27.5m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $28.8m to $26.3m (-8.8%), an average of -3.0% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coker University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Franklin Switzerland Inc ($26.2m), Canterbury School Corporation ($26.3m) and Regenstrief Institute Inc ($26.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $424k (1.5% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $78.7m against liabilities of $16.3m, net assets of $62.4m. It reported 456 employees.