Hendrix College

Analysis

Hendrix College is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in June 1942, 84 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 May 2023, Hendrix College reported income of $97.5m and spending of $84.3m, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $94.1m to $97.5m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to May 2020, when income dropped by 16%. 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, Hendrix College 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 AR. Charities of a similar size with the same main cause include High Tech High ($97.4m), Lawschool Admissions Council Inc ($97.6m) and Gardner-Webb University ($97.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.2% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $2.0m (2.3% of expenses). Other salaries and wages came to $18.1m. At year end it held assets of $300.2m against liabilities of $100.2m, net assets of $200.0m. It reported 1,059 employees.