Allen University

Analysis

Allen University is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 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, Allen University reported income of $26.1m and spending of $24.8m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $21.9m to $26.1m (+19%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allen 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 Center for Early Education ($26.1m), Maine College of Art ($26.1m) and Berwick Academy Trustees ($26.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $1.2m (4.8% of expenses). At year end it held assets of $65.9m against liabilities of $13.2m, net assets of $52.7m. It reported 317 employees.