Berry College Inc

Analysis

Berry College Inc is a registered charity in United States, based in Mount Berry, GA. It received its IRS tax-exemption ruling in August 1926, 100 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, Berry College Inc reported income of $202.8m and spending of $168.1m, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $147.4m to $202.8m (+38%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Berry College Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include Yeled V Yalda Early Childhood Center Inc ($202.7m), Sistema Universitario Ana G Mendez Incorporado ($204.5m) and Davidson College ($202.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $1.5m (0.9% of expenses). Other salaries and wages came to $43.4m. At year end it held assets of $1.51bn against liabilities of $120.8m, net assets of $1.39bn. It reported 2,999 employees.