Trustees of Amherst College

Analysis

Trustees of Amherst College is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in August 1933, 93 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Trustees of Amherst College reported income of $379.3m and spending of $401.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $411.5m to $379.3m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of Amherst College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Bucknell University ($379.0m), Yeshiva University ($382.4m) and Kentucky Medical Services Foundation Inc ($373.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $8.5m (2.1% of expenses). Other salaries and wages came to $114.9m. At year end it held assets of $5.30bn against liabilities of $773.7m, net assets of $4.53bn. It reported 3,450 employees.