Voorhees University

Analysis

Voorhees University is a registered charity in United States, based in Denmark, SC. It received its IRS tax-exemption ruling in July 1946, 80 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, Voorhees University reported income of $36.2m and spending of $35.0m, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $16.2m to $36.2m (+124%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 148%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Voorhees University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include The Webb Schools ($36.2m), Reading Partners ($36.2m) and Midway University Inc ($36.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 23% of the total. At year end it held assets of $35.9m against liabilities of $1.7m, net assets of $34.2m. It reported 255 employees.