Colgate University Treasurers Office

Analysis

Colgate University Treasurers Office is a registered charity in United States, based in Hamilton, NY. It received its IRS tax-exemption ruling in June 1954, 72 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, Colgate University Treasurers Office reported income of $350.0m and spending of $322.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $340.7m to $350.0m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colgate University Treasurers Office 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 Prisma Health Medical Group-Midlands ($348.0m), The Ojc Fund ($350.7m) and Bentley University ($347.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $5.4m (1.7% of expenses). Other salaries and wages came to $95.9m. At year end it held assets of $2.05bn against liabilities of $490.3m, net assets of $1.56bn. It reported 3,129 employees.