South University Member Inc

Analysis

South University Member Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in May 2021, 5 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 December 2023, South University Member Inc reported income of $266.7m and spending of $253.9m, spending 95% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $240.3m to $266.7m (+11%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South University Member Inc 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 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include Denison University ($265.4m), University of Hartford ($269.3m) and Morehouse School of Medicine Inc ($264.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.3m (0.9% of expenses). Other salaries and wages came to $92.4m. At year end it held assets of $150.1m against liabilities of $135.6m, net assets of $14.5m. It reported 2,309 employees.