Philander Smith College

Analysis

Philander Smith College is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in April 1944, 82 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, Philander Smith College reported income of $25.3m and spending of $29.7m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $25.6m to $25.3m (-1.1%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philander Smith 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 98th percentile within AR. Charities of a similar size with the same main cause include Corporation of the Washington Latin School ($25.3m), Le Lycee Francais de Los Angeles ($25.4m) and Universidad Central Del Caribe Inc ($25.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $1.2m (3.9% of expenses). At year end it held assets of $67.9m against liabilities of $12.6m, net assets of $55.3m. It reported 359 employees.