Ithaca College

Analysis

Ithaca College is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in May 1938, 88 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, Ithaca College reported income of $358.1m and spending of $322.0m, spending 90% of its income. Across the 6 years on record, from May 2019 to June 2023, income fell from $404.4m to $358.1m (-11%), an average of -2.4% a year. The sharpest change came in the year to June 2020, when income rose by 8423%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ithaca 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 Virginia Investment Management Company ($355.3m), Art Institute of Chicago ($359.5m) and Bowdoin College ($355.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $3.0m (0.9% of expenses). Other salaries and wages came to $92.3m. At year end it held assets of $849.5m against liabilities of $167.8m, net assets of $681.7m. It reported 3,874 employees.