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Education · 2023 Form 990

Hobart And William Smith Colleges: $148.6M Revenue, $169.6M Expenses

Geneva, New York · EIN 160743040 · Filing year 2023

Hobart And William Smith Colleges reported $148.6M in total revenue, $169.6M in total expenses, and $420.0M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $1.8M (1.24% of revenue). NonprofitTruth efficiency grade: C (61/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
61/100

Key Facts (2023 Form 990)

Total Revenue
$148.6M
Total Expenses
$169.6M
Total Assets
$420.0M
Reserve Months
29.7 months
Surplus / (Deficit)
$-20,937,456
EIN
160743040
Latest 990 Year
2023
Current-Officer Compensation
$1.8M
Officer Comp % of Revenue
1.24%

The composite efficiency score of 61/100 puts Hobart And William Smith Colleges at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).

Hobart And William Smith Colleges is a large nonprofit by U.S. standards: $148.6M in 2023 revenue against $169.6M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. On the financial-health factor, Hobart And William Smith Colleges runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Officer compensation is modest relative to organizational size: Hobart And William Smith Colleges reports $1.8M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $148.6M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Hobart And William Smith Colleges sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$148.6M
Revenue
$169.6M
Expenses
$420.0M
Total Assets
$1.8M
Officer Compensation

How Hobart And William Smith Colleges Compares

Hobart And William Smith Colleges earns a NonprofitTruth efficiency grade of C (61/100). That is 3 points below the Education category average. Compensation for current officers and key employees represents 1.24% of total revenue. The organization holds 29.7 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$169.6M
Total Expenses
Filing year 2023
$1.8M
Officer Compensation
1.24% of revenue
29.7 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Hobart And William Smith Colleges reported $148.6M in revenue against $169.6M in total functional expenses for filing year 2023, holding roughly 29.7 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $1.8M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.24% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Hobart And William Smith Colleges has a NonprofitTruth Efficiency Score of C (61/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Hobart And William Smith Colleges, Donor FAQ

Hobart And William Smith Colleges has a NonprofitTruth Efficiency Score of C (61/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Hobart And William Smith Colleges reports $1.8M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.24% of the organization's $148.6M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Hobart And William Smith Colleges reported $148.6M in annual revenue and $169.6M in total expenses for filing year 2023. The organization holds $420.0M in total assets.

Hobart And William Smith Colleges holds approximately 29.7 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Hobart And William Smith Colleges is a registered 501(c) organization with EIN 160743040, based in Geneva, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.