Clark Atlanta University Inc

Analysis

Clark Atlanta University Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1989, 37 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, Clark Atlanta University Inc reported income of $177.8m and spending of $167.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $145.6m to $177.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clark Atlanta University Inc sits at the 99th 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 99th percentile within GA. Charities of a similar size with the same main cause include University of the Cumberlands Inc ($177.5m), Point Loma Nazarene University ($178.0m) and University of Maryland College Park Foundation Inc ($176.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $3.7m (2.2% of expenses). Other salaries and wages came to $49.5m. At year end it held assets of $350.4m against liabilities of $24.5m, net assets of $325.8m. It reported 1,409 employees.