Harvey Mudd College

Analysis

Harvey Mudd College is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in September 1958, 68 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, Harvey Mudd College reported income of $122.0m and spending of $107.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $97.0m to $122.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 74%. 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, Harvey Mudd 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 CA. Charities of a similar size with the same main cause include North Carolina Partnership for Children Inc ($121.7m), Western Michigan University Homer Stryker M D School of Medicine ($122.2m) and Georgia Cyber Academy ($121.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $3.2m (3.0% of expenses). Other salaries and wages came to $33.4m. At year end it held assets of $634.1m against liabilities of $77.2m, net assets of $556.9m. It reported 1,187 employees.