Hilbert College

Analysis

Hilbert College is a registered charity in United States, based in Hamburg, NY. It received its IRS tax-exemption ruling in September 1971, 55 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, Hilbert College reported income of $29.3m and spending of $29.9m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $18.6m to $29.3m (+57%), an average of +12% a year. The sharpest change came in the year to May 2021, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hilbert College 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 Dakota Wesleyan University ($29.3m), Camden Prep Inc ($29.3m) and Making Waves Academy ($29.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.2m (4.1% of expenses). Other salaries and wages came to $7.6m. It paid $7,500 in professional fundraising fees. At year end it held assets of $35.2m against liabilities of $14.6m, net assets of $20.6m. It reported 454 employees.