Hillsdale College

Analysis

Hillsdale College is a registered charity in United States, based in Hillsdale, MI. It received its IRS tax-exemption ruling in August 1943, 83 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, Hillsdale College reported income of $320.8m and spending of $248.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $210.6m to $320.8m (+52%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hillsdale 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 MI. Charities of a similar size with the same main cause include Adelphi University ($317.6m), University of Georgia Research Foundation Inc ($321.0m) and Barnard College ($313.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $3.1m (1.3% of expenses). Other salaries and wages came to $56.5m. At year end it held assets of $1.87bn against liabilities of $283.1m, net assets of $1.59bn. It reported 2,263 employees.