Hampton University

Analysis

Hampton University is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in June 1994, 32 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, Hampton University reported income of $197.4m and spending of $212.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $202.0m to $197.4m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hampton University 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 VA. Charities of a similar size with the same main cause include Rider University ($196.0m), SSP International Inc ($198.9m) and Endicott College ($195.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $836k (0.4% of expenses). Other salaries and wages came to $57.8m. At year end it held assets of $883.8m against liabilities of $154.5m, net assets of $729.3m. It reported 1,335 employees.