Stillman College

Analysis

Stillman College is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stillman College reported income of $23.3m and spending of $23.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.3m to $23.3m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 226%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stillman College sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Alta Public Schools ($23.3m), Lincoln Charter School Inc ($23.3m) and Franklintown Charter High School ($23.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $778k (3.3% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $66.7m against liabilities of $5.7m, net assets of $61.0m. It reported 408 employees.