Miles College

Analysis

Miles College is a registered charity in United States, based in Fairfield, AL. It received its IRS tax-exemption ruling in May 1999, 27 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, Miles College reported income of $34.2m and spending of $33.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $34.3m to $34.2m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miles 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 The North Carolina A&t Real Estate Foundation Inc ($34.2m), Northwestern Health Sciences University ($34.3m) and Sports Leadership and Management Inc ($34.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $1.5m (4.3% of expenses). At year end it held assets of $97.9m against liabilities of $20.0m, net assets of $78.0m. It reported 478 employees.