Catawba College
2300 W Innes St, Salisbury, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $310,506,126 | $95,170,917 | $818,480,997 |
| FY2024 | $119,840,475 | $78,537,233 | $545,332,257 |
| FY2023 | $98,707,113 | $67,931,220 | $432,019,316 |
| FY2022 | $275,797,439 | $61,529,338 | $397,595,715 |
| FY2021 | $93,252,723 | $57,550,510 | $202,021,266 |
| FY2020 | $66,906,876 | $59,922,353 | $148,930,951 |
| FY2019 | $75,906,143 | $59,206,506 | $138,932,064 |
| FY2018 | $64,281,199 | $57,693,468 | $122,346,122 |
| FY2017 | $55,931,851 | $53,499,783 | $111,614,063 |
| FY2016 | $46,828,695 | $51,756,576 | $104,465,651 |
| FY2015 | $64,670,025 | $47,229,110 | $109,972,349 |
| FY2014 | $50,074,131 | $46,433,198 | $91,812,966 |
| FY2013 | $44,516,126 | $42,104,990 | $83,436,718 |
| FY2012 | $42,085,207 | $41,955,539 | $75,519,643 |
Form 990 filings
The returns filed by Catawba College (EIN 56-0530251), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $254,774,703 | 82% |
| Program service revenue | $50,776,155 | 16% |
| Other revenue | $4,955,268 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $66,860,554 | 70% |
| Management & general | $26,677,539 | 28% |
| Fundraising | $1,632,824 | 2% |
What the numbers show
- Contributions & grants made up 82% of total revenue in FY2025.
- Program services accounted for 70% of functional expenses, management & general 28%, and fundraising 2%.
- 70% of functional expenses went to program services in FY2025. That is higher than 17.1% of 152 Education organizations in NC.
- Net assets covered about 103.2 months of expenses at the end of the reporting year. That puts it in the 89th percentile among 1703 Education organizations in NC.
- Total revenue was higher than 99.7% of 1724 Education organizations in NC.
- Total revenue rose from $42,085,207 in FY2012 to $310,506,126 in FY2025. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2016).
- Net assets grew from $75,519,643 to $818,480,997 between FY2012 and FY2025.
- Contributions and grants made up 14% of revenue in FY2012 and 82% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH IS TODAY AFFILIATED WITH THE UNITED CHURCH OF CHRIST - MOVED TO ITS PRESENT LOCATION IN SALISBURY IN 1925.
IRS status
| Ruling year | 1941 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Nc State Investment Fund Inc — Raleigh, NC · $304,333,028
- Davidson College — Davidson, NC · $295,951,405
- Campbell University — Buies Creek, NC · $258,344,677
- Elon University — Elon, NC · $441,401,510
- Wingate University — Wingate, NC · $178,345,647
- North Carolina State University Foundation Inc — Raleigh, NC · $164,944,230
- Mountain Area Health Education Center Inc — Asheville, NC · $146,571,218
- North Carolina Partnership for Children Inc — Raleigh, NC · $134,009,549
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.