Truett McConnell University Inc

Analysis

Truett McConnell University Inc is a registered charity in United States, based in Cleveland, GA. It received its IRS tax-exemption ruling in June 1948, 78 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, Truett McConnell University Inc reported income of $38.0m and spending of $34.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.6m to $38.0m (+28%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Truett McConnell University Inc 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 GA. Charities of a similar size with the same main cause include Livingstone College ($38.0m), Wichita State University Foundation ($38.0m) and Noble Research Institute LLC ($38.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $439k (1.3% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $57.3m against liabilities of $27.3m, net assets of $30.0m. It reported 465 employees.