Converse University
580 East Main Street 205 Carnegie B, Spartanburg, SC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $50,688,632 | $47,603,490 | $145,772,912 |
| FY2024 | $41,481,296 | $43,343,974 | $137,210,964 |
| FY2023 | $34,748,113 | $40,457,060 | $132,449,713 |
| FY2022 | $42,193,359 | $41,068,699 | $133,704,970 |
| FY2021 | $36,493,779 | $35,340,779 | $143,430,589 |
| FY2020 | $32,684,072 | $33,801,860 | $122,349,908 |
| FY2019 | $34,881,079 | $33,491,258 | $128,346,467 |
| FY2018 | $32,972,931 | $32,892,252 | $127,665,034 |
| FY2017 | $34,058,707 | $33,260,370 | $123,334,455 |
| FY2016 | $36,131,088 | $36,526,369 | $114,961,118 |
| FY2015 | $37,979,744 | $36,192,831 | $117,340,246 |
| FY2014 | $47,023,006 | $42,329,979 | $119,337,581 |
| FY2013 | $38,087,672 | $39,012,531 | $110,092,052 |
| FY2012 | $39,237,590 | $40,120,438 | $107,250,557 |
Form 990 filings
The returns filed by Converse University (EIN 57-0314380), 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 | $12,095,068 | 24% |
| Program service revenue | $32,938,811 | 65% |
| Other revenue | $5,654,753 | 11% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $40,118,204 | 84% |
| Management & general | $5,624,015 | 12% |
| Fundraising | $1,861,271 | 4% |
What the numbers show
- Program service revenue made up 65% of total revenue in FY2025.
- Program services accounted for 84% of functional expenses, management & general 12%, and fundraising 4%.
- 84% of functional expenses went to program services in FY2025. That is higher than 58.3% of 72 Education organizations in SC.
- Net assets covered about 36.7 months of expenses at the end of the reporting year. That puts it in the 78th percentile among 874 Education organizations in SC.
- Total revenue was higher than 98.4% of 899 Education organizations in SC.
- Total revenue rose from $39,237,590 in FY2012 to $50,688,632 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2012, FY2013, FY2016, FY2020, FY2023, FY2024).
- Net assets grew from $107,250,557 to $145,772,912 between FY2012 and 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
CONVERSE UNIVERSITY IS A LIBERAL ARTS COLLEGE WHICH OFFERS CO-ED UNDERGRADUATE AND GRADUATE DEGREES. CONVERSE ADVANCES A CULTURE OF BELONGING AND COLLABORATION THAT IGNITES CREATIVITY, INNOVATION, AND TRANSFORMATION.
IRS status
| Ruling year | 1937 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — 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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