Elizabethtown College

Analysis

Elizabethtown College is a registered charity in United States, based in Elizabethtown, PA. It received its IRS tax-exemption ruling in April 1963, 63 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, Elizabethtown College reported income of $93.1m and spending of $107.3m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $107.6m to $93.1m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. 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, Elizabethtown 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 PA. Charities of a similar size with the same main cause include New England Conservatory of Music ($92.5m), National Collegiate Inventors & Innovators Alliance ($93.3m) and Acadia University ($92.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.1m (2.0% of expenses). Other salaries and wages came to $29.1m. At year end it held assets of $224.4m against liabilities of $83.9m, net assets of $140.5m. It reported 1,498 employees.