Eckerd College

Analysis

Eckerd College is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in September 1959, 67 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, Eckerd College reported income of $143.9m and spending of $141.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $128.3m to $143.9m (+12%), an average of +2.9% 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, Eckerd College 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 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Morehouse College ($141.6m), Success Academy Charter Schools Inc ($143.9m) and Whitworth University ($141.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.9m (2.1% of expenses). Other salaries and wages came to $29.4m. At year end it held assets of $240.4m against liabilities of $60.4m, net assets of $179.9m. It reported 1,413 employees.