Bingham Fund for Excellence in Teaching at Transylvania Univ

Analysis

Bingham Fund for Excellence in Teaching at Transylvania Univ is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bingham Fund for Excellence in Teaching at Transylvania Univ reported income of $2.9m and spending of $2.3m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.1m to $2.9m (-52%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 68%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bingham Fund for Excellence in Teaching at Transylvania Univ sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Youthbuild Preparatory Academy ($2.9m), Penn Hillel ($2.9m) and Stanly County Partnership for Children ($2.9m).

Compensation of current officers, directors and key employees was $30k (1.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $115.7m against liabilities of $0, net assets of $115.7m.