Hobart and William Smith Colleges

Analysis

Hobart and William Smith Colleges is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in July 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hobart and William Smith Colleges reported income of $148.6m and spending of $169.6m, spending 114% of what it took in. Across the 6 years on record, from May 2019 to June 2023, income fell from $163.3m to $148.6m (-9.0%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 6239%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hobart and William Smith Colleges sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Olivet Nazarene University ($148.6m), Kipp NYC Public Charter Schools II ($149.0m) and Le Moyne College ($148.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.8m (1.1% of expenses). Other salaries and wages came to $39.7m. At year end it held assets of $420.0m against liabilities of $78.3m, net assets of $341.6m. It reported 1,688 employees.