Skidmore College

Analysis

Skidmore College is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in January 1939, 87 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 May 2023, Skidmore College reported income of $269.4m and spending of $246.6m, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $242.0m to $269.4m (+11%), an average of +2.7% a year. The sharpest change came in the year to May 2022, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skidmore 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 NY. Charities of a similar size with the same main cause include University of Hartford ($269.3m), Temple University Health System Inc ($269.9m) and South University Member Inc ($266.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $2.6m (1.1% of expenses). Other salaries and wages came to $74.3m. At year end it held assets of $973.8m against liabilities of $177.9m, net assets of $795.9m. It reported 3,051 employees.