William Carey University

Analysis

William Carey University is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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, William Carey University reported income of $93.7m and spending of $93.1m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $78.2m to $93.7m (+20%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William Carey University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MS. Charities of a similar size with the same main cause include Arc of the Ozarks ($93.2m), Concordia College Corporation ($93.7m) and United Way of Canada Centraide ($93.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.5m (1.6% of expenses). At year end it held assets of $251.3m against liabilities of $49.2m, net assets of $202.1m. It reported 1,299 employees.