Lemoyne Owen College

Analysis

Lemoyne Owen College is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1956, 70 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, Lemoyne Owen College reported income of $27.5m and spending of $25.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.3m to $27.5m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lemoyne Owen College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Oregon Charter Academy ($27.5m), Partnerships to Uplift Communities Los Angeles ($27.5m) and New Visions for Public Schools Inc ($27.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $1.1m (4.1% of expenses). At year end it held assets of $51.5m against liabilities of $8.4m, net assets of $43.1m. It reported 221 employees.