Paul Smiths College of Arts and Sciences

Analysis

Paul Smiths College of Arts and Sciences is a registered charity in United States, based in Paul Smiths, NY. It received its IRS tax-exemption ruling in October 1946, 80 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, Paul Smiths College of Arts and Sciences reported income of $39.5m and spending of $41.6m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.5m to $39.5m (+11%), an average of +2.7% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paul Smiths College of Arts and Sciences sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Arizona Christian University ($39.5m), University of Idaho Foundation Inc ($39.6m) and Institute for Shipboard Education ($39.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $438k (1.1% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $79.8m against liabilities of $17.9m, net assets of $61.9m. It reported 639 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.