Pomona College

Analysis

Pomona College is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in December 1954, 72 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, Pomona College reported income of $243.7m and spending of $292.1m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $223.2m to $243.7m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 112%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pomona 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 Widener University ($243.6m), Charter Institute at Erskine ($244.3m) and Patient Advocate Foundation Inc ($243.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $6.0m (2.0% of expenses). Other salaries and wages came to $83.7m. At year end it held assets of $3.67bn against liabilities of $408.4m, net assets of $3.26bn. It reported 2,882 employees.