Vassar College

Analysis

Vassar College is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in April 1938, 88 years ago. 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, Vassar College reported income of $284.4m and spending of $305.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $301.5m to $284.4m (-5.7%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vassar 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 New Brunswick ($275.5m), U S Committee for Refugees and Immigrants Inc ($291.9m) and St Vincent Carmel Hospital Inc ($274.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $4.3m (1.4% of expenses). Other salaries and wages came to $94.9m. It paid $52k in professional fundraising fees. At year end it held assets of $1.84bn against liabilities of $368.5m, net assets of $1.47bn. It reported 3,547 employees.