Rust College is a 501(c)(3) organization based in Holly Springs, Mississippi, registered in 1947, with $20,052,761 in FY2022 revenue. CharityIndex grades it C+.
Revenue (FY2022)
$20.1M
▼ 11.7% vs prior year
Education median: $200K
Expenses (FY2022)
$21.7M
Net assets
$74.3M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Rust College— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rust College: 41 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Rust College— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rust College: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $17.1M (FY2013) to $20.1M (FY2022) across 9 reported years.
Financial snapshot
Operating margin
-8.1%
Spent more than it raised in the latest fiscal year.
Total assets
$90.4M
Total liabilities
$16.1M
Net assets
$74.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $20,052,761▼11.7% | $21,671,841▼1.0% | $74,298,791▲8.1% | $90,433,827▲9.1% | 990 |
| 2021 | $22,718,599▲0.2% | $21,889,818▲11.0% | $68,711,039▼6.1% | $82,920,785▼6.7% | 990 |
| 2020 | $22,679,674▲31.4% | $19,721,286▲7.6% | $73,176,077▲12.0% | $88,877,754▲14.9% | 990 |
| 2019 | $17,253,710▼3.8% | $18,333,455▲7.2% | $65,335,690▲6.0% | $77,370,415▲9.9% | 990 |
| 2017 | $17,939,337▼3.6% | $17,106,898▼2.0% | $61,643,725▲6.8% | $70,380,774▲6.0% | 990 |
| 2016 | $18,616,946▲9.7% | $17,453,976▲8.3% | $57,734,316▲10.1% | $66,401,937▲9.0% | 990 |
| 2015 | $16,971,793▼5.5% | $16,117,745▼6.8% | $52,458,565▲0.8% | $60,911,510▲3.9% | 990 |
| 2014 | $17,952,736▲5.2% | $17,302,692▲3.8% | $52,019,584▲3.4% | $58,646,866▲1.8% | 990 |
| 2013 | $17,071,472 | $16,662,107 | $50,323,687▲10.9% | $57,608,730▲9.6% | 990 |
| 2012 | — | $16,665,266▲4.6% | $45,390,116▲8.4% | $52,549,226▲8.7% | 990 |
| 2011 | — | $15,939,018▼0.1% | $41,858,641▲0.5% | $48,332,771▼0.1% | 990 |
| 2010 | — | $15,950,579▼5.6% | $41,643,607▲9.5% | $48,403,380▲9.6% | 990 |
| 2009 | — | $16,904,871 | $38,028,204 | $44,148,853 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
37 grants to Rust College totaling $12.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Negro College Fund Inc | Grants & scholarships, tech assist, area office joint campaign | 2024 | $1,045,674 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $182,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $8,366 |
| Charities Aid Foundation America | Charitable donation | 2024 | $5,050 |
| United Negro College Fund Inc | Grants & scholarships, tech assist, area office joint campaign | 2023 | $1,048,698 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $182,000 |
| National Audubon Society Inc | General support | 2023 | $20,200 |
| United Negro College Fund Inc | Grants & scholarships, tech assist, area office joint campaign | 2022 | $928,108 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2022 | $173,000 |
| Strada Education Foundation Inc | Operating grant | 2022 | $127,133 |
| Charities Aid Foundation America | Charitable donation | 2022 | $5,470 |
| United Negro College Fund Inc | Grants & scholarships, tech assist, area office joint campaign | 2021 | $885,331 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2021 | $159,000 |
| National Trust For Historic Preservation In the United States | Historic preservation | 2021 | $155,000 |
| National Audubon Society Inc | General support | 2021 | $10,600 |
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Data for Rust College (EIN 64-0303805) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.