Swarthmore College

Analysis

Swarthmore College is a registered charity in United States, based in Swarthmore, PA. It received its IRS tax-exemption ruling in March 1950, 76 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, Swarthmore College reported income of $270.7m and spending of $270.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $342.1m to $270.7m (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Swarthmore College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Temple University Health System Inc ($269.9m), University of the Incarnate Word ($274.6m) and Skidmore College ($269.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $6.1m (2.2% of expenses). Other salaries and wages came to $87.8m. It paid $43k in professional fundraising fees. At year end it held assets of $3.46bn against liabilities of $441.5m, net assets of $3.02bn. It reported 2,751 employees.