Georgetown College

Analysis

Georgetown College is a registered charity in United States, based in Georgetown, KY. It received its IRS tax-exemption ruling in January 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, Georgetown College reported income of $66.9m and spending of $70.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $50.8m to $66.9m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgetown College 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 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Armand Hammer United World College of the American West ($66.7m), Dallas Theological Seminary ($67.2m) and St Marks School of Texas ($66.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.3m (1.8% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $82.7m against liabilities of $39.9m, net assets of $42.8m. It reported 1,035 employees.