Hartwick College

Analysis

Hartwick College is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in November 1937, 89 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, Hartwick College reported income of $82.9m and spending of $95.3m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $72.3m to $82.9m (+15%), an average of +3.5% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hartwick College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Early Learning Coalition of North Florida Inc ($82.8m), University of Pikeville ($83.0m) and Foundation of the State University of New York at Binghamton Inc ($82.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.9m (2.0% of expenses). Other salaries and wages came to $20.6m. At year end it held assets of $114.2m against liabilities of $47.5m, net assets of $66.7m. It reported 1,065 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.