Claremont McKenna College

Analysis

Claremont McKenna College is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in October 1948, 78 years ago. 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, Claremont McKenna College reported income of $222.7m and spending of $209.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $191.6m to $222.7m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 184%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Claremont McKenna College 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 CA. Charities of a similar size with the same main cause include Providence Medical Institute ($222.0m), Ascension Health Professional and General Liability Self-Insurance ($223.9m) and Skookum Educational Programs ($221.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $4.2m (2.0% of expenses). Other salaries and wages came to $58.7m. At year end it held assets of $2.39bn against liabilities of $614.1m, net assets of $1.78bn. It reported 2,041 employees.