Trustees of the Hamline University of Minnesota

Analysis

Trustees of the Hamline University of Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 1936, 90 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, Trustees of the Hamline University of Minnesota reported income of $113.6m and spending of $113.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $128.8m to $113.6m (-12%), an average of -3.1% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of the Hamline University of Minnesota sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Gulliver Preparatory School Inc ($113.5m), Samuel Merritt University ($113.9m) and University of Massachusetts Foundation Inc ($113.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.7m (1.5% of expenses). Other salaries and wages came to $26.3m. It paid $77k in professional fundraising fees. At year end it held assets of $247.2m against liabilities of $58.2m, net assets of $189.0m. It reported 1,513 employees.