Houghton University

Analysis

Houghton University is a registered charity in United States, based in Houghton, NY. It received its IRS tax-exemption ruling in May 1970, 56 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 May 2023, Houghton University reported income of $34.3m and spending of $34.1m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $47.3m to $34.3m (-28%), an average of -7.7% a year. The sharpest change came in the year to May 2022, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Houghton University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Northwestern Health Sciences University ($34.3m), Proctor Academy ($34.3m) and Miles College ($34.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 34% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $434k (1.3% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $126.7m against liabilities of $31.0m, net assets of $95.7m. It reported 943 employees.