Hardin-Simmons University

Analysis

Hardin-Simmons University is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in December 1935, 91 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, Hardin-Simmons University reported income of $82.3m and spending of $80.4m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $83.4m to $82.3m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to May 2020, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hardin-Simmons University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Chicago Cook Workforce Partnership ($82.3m), American International College ($82.6m) and Valley Christian Schools ($82.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.6m (2.0% of expenses). Other salaries and wages came to $17.9m. It paid $145k in professional fundraising fees. At year end it held assets of $390.2m against liabilities of $57.2m, net assets of $333.0m. It reported 1,014 employees.