Milton Hershey School & School Trust

Analysis

Milton Hershey School & School Trust is a registered charity in United States, based in Hershey, PA. It received its IRS tax-exemption ruling in February 1937, 89 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 July 2023, Milton Hershey School & School Trust reported income of $888.2m and spending of $369.0m, leaving 58% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.44bn to $888.2m (-38%), an average of -11% a year. The sharpest change came in the year to July 2021, when income rose by 120%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milton Hershey School & School Trust 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 Villanova University ($872.3m), The UCLA Foundation ($902.8m) and Depaul University ($848.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.0% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $4.4m (1.2% of expenses). Other salaries and wages came to $111.0m. At year end it held assets of $24.23bn against liabilities of $203.4m, net assets of $24.03bn. It reported 2,250 employees.