Pierce Mortuary Colleges Inc

Analysis

Pierce Mortuary Colleges Inc is a registered charity in United States, based in Broadview, IL. It received its IRS tax-exemption ruling in August 1965, 61 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 December 2023, Pierce Mortuary Colleges Inc reported income of $19.7m and spending of $21.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $19.7m (+120%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pierce Mortuary Colleges Inc 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 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Mercy Health Network Inc ($19.7m), American Friends of the Ocean Cleanup Foundation ($19.7m) and State Democracy Project ($19.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $970k (4.6% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $17.0m against liabilities of $3.4m, net assets of $13.6m. It reported 212 employees.