Centre College of Kentucky

Analysis

Centre College of Kentucky is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in February 1943, 83 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, Centre College of Kentucky reported income of $105.1m and spending of $130.2m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $103.9m to $105.1m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 137%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centre College of Kentucky 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 KY. Charities of a similar size with the same main cause include Bju Inc ($104.9m), Democracy Prep New York Charter Schools ($105.6m) and St Johns College ($104.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.3m (1.0% of expenses). Other salaries and wages came to $30.7m. At year end it held assets of $669.4m against liabilities of $201.0m, net assets of $468.4m. It reported 1,436 employees.