Selma University

Analysis

Selma University is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in November 2022, 4 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 July 2023, Selma University reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 3 years on record, from July 2019 to July 2023, income fell from $3.6m to $1.1m (-70%), an average of -45% a year. The sharpest change came in the year to July 2022, when income dropped by 68%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Selma University sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Martin Methodist College ($1.1m), Missoula Catholic Schools Foundation ($1.1m) and Illinois Headstart Association Inc ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 69% and program service revenue 4.8% of the total. Other salaries and wages came to $433k. At year end it held assets of $3.2m against liabilities of $886k, net assets of $2.3m. It reported 40 employees.