Point University Inc

Analysis

Point University Inc is a registered charity in United States, based in West Point, GA. It received its IRS tax-exemption ruling in December 1949, 77 years ago. 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, Point University Inc reported income of $37.0m and spending of $40.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.7m to $37.0m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Point University Inc sits at the 99th percentile: it is larger than about 99% 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 Catholic Charities of the Diocese of Rockville Centre ($36.9m), Community Health Alliance ($37.0m) and Rincon de Los Esteros Inc ($36.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $254k (0.6% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $49.0m against liabilities of $30.3m, net assets of $18.7m. It reported 597 employees.