Asbury College

Analysis

Asbury College is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in September 1934, 92 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, Asbury College reported income of $61.7m and spending of $58.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $57.8m to $61.7m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asbury College sits at the 99th percentile: it is larger than about 98% 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 Bay Path University ($61.7m), Granite Edvance Corporation ($61.7m) and The Public School of Germantown ($61.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $1.1m (2.0% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $176.6m against liabilities of $14.7m, net assets of $161.9m. It reported 1,193 employees.