SPARTANBURG METHODIST COLLEGE
Mission Statement
MISSION STATEMENT AND VISION Mission: Spartanburg Methodist College is a two-year private residential institution within the United Methodist Connection. At SMC, lives are transformed in a values-oriented, student-centered atmosphere in the Christian tradition that encourages academic excellence, intellectual exploration, social awareness, and character development within the liberal arts tradition. Vision: Spartanburg Methodist College will be the college of choice for residential or commuting students who desire the advantages of a church-related education. We will offer motivated students a liberal arts education in preparation for the senior college experience and lifelong learning through relevant and challenging academic programs, campus leadership opportunities, and strong athletic programs. We will do this in an environment of community and caring, where each student is respected as an individual with unique needs and is encouraged to achieve his or her fullest potential. To achieve our vision, we must 1. Continue our ethic of teaching, learning, and caring. 2. Recruit, retain, empower, and reward highly qualified faculty and staff. 3. Improve facilities for academic, athletic, and student life. 4. Grow the institutional endowment to enhance student access through improved student aid opportunities. Guiding Principles: We value the following principles in pursuit of our vision: Achievement in all areas of endeavor – academic, athletic, leadership, and social. Integrity in all our dealings – with students, families, one another, and all other constituents. Service for the greater good – remaining true to our history and heritage, the College reaches out to students, families, alumni and the community to enrich lives.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.2% | 84.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.2% | 13.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.6% | 0.5% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.2 mo | 10.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.4% | 32.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
82.6% | 88.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
22.6% | 5.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
10.1% | 5.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.5% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $31.2M | $30.4M | $51.1M | 79.2% | 367 |
| 2024 | $25.5M | $27.6M | $48.4M | 78.9% | 342 |
| 2023 | $26.4M | $26.9M | $47.0M | 79.0% | 343 |
| 2022 | $26.4M | $28.5M | N/A | — | 386 |
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