Rust College

Analysis

Rust College is a registered charity in United States, based in Holly Springs, MS. It received its IRS tax-exemption ruling in April 1947, 79 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, Rust College reported income of $20.1m and spending of $21.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.5m to $20.1m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rust College sits at the 96th 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 98th percentile within MS. Charities of a similar size with the same main cause include Prince Avenue Christian School ($20.0m), Episcopal Collegiate School ($20.1m) and Greensboro College Inc ($20.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $764k (3.5% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $90.4m against liabilities of $16.1m, net assets of $74.3m. It reported 220 employees.