University of Toccoa Falls Inc

Analysis

University of Toccoa Falls Inc is a registered charity in United States, based in Toccoa Falls, GA. It received its IRS tax-exemption ruling in August 1943, 83 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 2024, University of Toccoa Falls Inc reported income of $28.4m and spending of $24.2m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $25.2m to $28.4m (+12%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Toccoa Falls Inc 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 GA. Charities of a similar size with the same main cause include Middle Tennessee State University Foundation ($28.4m), Early Learning Coalition of the Nature Coast Inc ($28.4m) and Republic Schools Inc ($28.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $621k (2.6% of expenses). Other salaries and wages came to $7.8m. It paid $18k in professional fundraising fees. At year end it held assets of $41.5m against liabilities of $2.6m, net assets of $39.0m. It reported 584 employees.