Milton Hershey School & School Trust: $888.2M Revenue, $287.8M Program Expenses

Milton Hershey School & School Trust earns a C on the efficiency rubric — the median bucket on the LakeQuality scale, indicating performance close to the national midpoint across program spending, executive compensation, and financial reserves. Composite score: 63/100.

Milton Hershey School & School Trust is a large nonprofit by U.S. standards: $888.2M in 2023 revenue against $369.0M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Milton Hershey School & School Trust's 2023 revenue is materially below its earlier filings. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Milton Hershey School & School Trust 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 ratios should be read.