Spring Hill College

Analysis

Spring Hill College is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in March 1946, 80 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, Spring Hill College reported income of $27.6m and spending of $41.5m, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $36.4m to $27.6m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Hill 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 99th percentile within AL. Charities of a similar size with the same main cause include Our World Neighborhood Charter School ($27.6m), College Now Greater Cleveland Inc ($27.6m) and Lsny Bronx Corporation ($27.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $998k (2.4% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $144.1m against liabilities of $64.7m, net assets of $79.4m. It reported 450 employees.