Corporation of Haverford College

Analysis

Corporation of Haverford College is a registered charity in United States, based in Haverford, PA. It received its IRS tax-exemption ruling in January 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corporation of Haverford College reported income of $211.7m and spending of $163.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $149.4m to $211.7m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corporation of Haverford 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 Trine University Inc ($211.6m), The University of Tennessee Foundat Ion Inc ($211.8m) and University of Georgia Athletic Association Inc ($210.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $4.2m (2.5% of expenses). Other salaries and wages came to $48.3m. It paid $278k in professional fundraising fees. At year end it held assets of $883.4m against liabilities of $159.3m, net assets of $724.0m. It reported 2,158 employees.