Piedmont University Inc

Analysis

Piedmont University Inc is a registered charity in United States, based in Demorest, GA. It received its IRS tax-exemption ruling in June 1931, 95 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, Piedmont University Inc reported income of $52.0m and spending of $61.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $59.1m to $52.0m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Piedmont 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 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include River City Education Services ($51.9m), Immaculata University ($52.0m) and Coral Academy of Science Las Vegas ($51.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.3m (2.1% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $147.9m against liabilities of $35.7m, net assets of $112.3m. It reported 875 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.