Hesston College

Analysis

Hesston College is a registered charity in United States, based in Hesston, KS. It received its IRS tax-exemption ruling in June 1946, 80 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, Hesston College reported income of $15.5m and spending of $18.5m, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $16.2m to $15.5m (-4.4%), an average of -1.5% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hesston College sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include Institute for Supply Management Inc ($15.5m), Arkansas Early Childhood Association ($15.5m) and Roosevelt Childrens Academy Long Island Public Charter School ($15.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $267k (1.4% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $45.1m against liabilities of $2.1m, net assets of $43.0m. It reported 385 employees.