University of the South

Analysis

University of the South is a registered charity in United States, based in Sewanee, TN. It received its IRS tax-exemption ruling in February 1947, 79 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, University of the South reported income of $175.3m and spending of $172.8m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $164.0m to $175.3m (+6.9%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of the South 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 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Rocketship Education ($173.9m), Marian University ($175.7m) and Philadelphia College of Osteopathic Medicine ($173.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $3.5m (2.0% of expenses). Other salaries and wages came to $49.6m. At year end it held assets of $814.0m against liabilities of $104.5m, net assets of $709.4m. It reported 2,010 employees.