Savannah College of Art and Design Inc

Analysis

Savannah College of Art and Design Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in April 1979, 47 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, Savannah College of Art and Design Inc reported income of $776.8m and spending of $556.7m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $573.7m to $776.8m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Savannah College of Art and Design 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 NYC School Support Services Inc ($740.0m), St Johns University New York ($780.7m) and Marquette University ($710.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $6.4m (1.1% of expenses). Other salaries and wages came to $149.2m. At year end it held assets of $1.85bn against liabilities of $299.1m, net assets of $1.55bn. It reported 3,832 employees.