Benedict College
1600 Harden St, Columbia, SC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $52,764,064 | $51,256,399 | $105,360,239 |
| FY2023 | $69,692,337 | $65,404,239 | $103,852,574 |
| FY2022 | $72,326,986 | $68,030,606 | $98,380,951 |
| FY2021 | $103,963,423 | $54,459,932 | $86,794,622 |
| FY2020 | $61,010,211 | $60,352,428 | $34,310,848 |
| FY2019 | $60,502,776 | $58,805,791 | $34,117,924 |
| FY2018 | $65,561,566 | $65,216,817 | $32,342,690 |
| FY2017 | $69,428,704 | $71,176,875 | $31,581,360 |
| FY2016 | $71,892,028 | $71,096,922 | $33,329,531 |
| FY2015 | $70,652,879 | $70,741,492 | $32,534,425 |
| FY2014 | $72,352,284 | $75,653,360 | $32,623,038 |
| FY2013 | $81,240,006 | $81,568,982 | $35,327,711 |
| FY2012 | $86,116,947 | $83,303,092 | $35,656,687 |
| FY2011 | $83,173,389 | $76,001,093 | $33,068,447 |
Form 990 filings
The returns filed by Benedict College (EIN 57-0314365), 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 | $21,933,179 | 42% |
| Program service revenue | $26,570,134 | 50% |
| Other revenue | $4,260,751 | 8% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $31,713,390 | 62% |
| Management & general | $18,826,972 | 37% |
| Fundraising | $716,037 | 1% |
What the numbers show
- Program service revenue made up 50% of total revenue in FY2024.
- Program services accounted for 62% of functional expenses, management & general 37%, and fundraising 1%.
- 62% of functional expenses went to program services in FY2024. That is higher than 1.4% of 72 Education organizations in SC.
- Net assets covered about 24.7 months of expenses at the end of the reporting year. That puts it in the 73rd percentile among 874 Education organizations in SC.
- Total revenue was higher than 98.4% of 899 Education organizations in SC.
- Total revenue fell from $83,173,389 in FY2011 to $52,764,064 in FY2024. Revenue increased in 4 and decreased in 9 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2013, FY2014, FY2015, FY2017).
- The highest revenue on record here is $103,963,423 in FY2021.
- Net assets grew from $33,068,447 to $105,360,239 between FY2011 and FY2024.
- Contributions and grants made up 14% of revenue in FY2011 and 42% in FY2024.
- 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
BENEDICT COLLEGE IS COMMITTED TO PROVIDING TRANSFORMATIVE LEARNING EXPERIENCES CHARACTERIZED BY HIGH QUALITY ACADEMIC, CO-CURRICULAR AND EXTRA-CURRICULAR PROGRAMMING, INTENTIONALLY DESIGNED TO DEVELOP SUPERIOR CULTURAL AND PROFESSIONAL COMPETENCIES FOR A DIVERSE STUDENT POPULATION.
IRS status
| Ruling year | 1945 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in SC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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.
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