Harcum College

Analysis

Harcum College is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in March 1954, 72 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, Harcum College reported income of $27.7m and spending of $32.8m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $33.7m to $27.7m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harcum 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 PA. Charities of a similar size with the same main cause include Defiance College ($27.7m), Boston Plastic & Oral Surgery Foundation Inc ($27.7m) and Hillel Day School of Metropolitan Detroit ($27.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $427k (1.3% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $28.1m against liabilities of $8.9m, net assets of $19.2m. It reported 553 employees.