Shorter University Inc

Analysis

Shorter University Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in June 2001, 25 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 May 2023, Shorter University Inc reported income of $39.4m and spending of $37.6m, spending 95% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $35.7m to $39.4m (+11%), an average of +2.6% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shorter 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 98th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Lackawanna College ($39.4m), Institute for Shipboard Education ($39.5m) and University of North Carolina at Chapel Hill Foundation Inc ($39.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $335k (0.9% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $59.1m against liabilities of $16.9m, net assets of $42.2m. It reported 483 employees.