Talladega College

Analysis

Talladega College is a registered charity in United States, based in Talladega, AL. It received its IRS tax-exemption ruling in May 1945, 81 years ago. 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, Talladega College reported income of $40.9m and spending of $33.4m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.4m to $40.9m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Talladega 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 98th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Merakey Idd Philadelphia ($40.9m), Second Harvest Food Bank of East Tennessee ($40.9m) and Mary Cariola Childrens Center Inc ($40.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. Other salaries and wages came to $10.9m. At year end it held assets of $117.2m against liabilities of $31.0m, net assets of $86.1m.