Hiram College

Analysis

Hiram College is a registered charity in United States, based in Hiram, OH. It received its IRS tax-exemption ruling in May 1932, 94 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, Hiram College reported income of $36.0m and spending of $44.7m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $46.1m to $36.0m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. 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, Hiram College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Ramah Navajo School Board Inc ($35.9m), Four Lakes Education Inc ($36.0m) and Uatx ($35.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.2m (2.7% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $119.9m against liabilities of $41.8m, net assets of $78.1m. It reported 809 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.