Milton Hershey School & School Trust: $888.2M Revenue, $369.0M Expenses

Milton Hershey School & School Trust earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 59/100.

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. Reserves are the limiting factor: Milton Hershey School & School Trust carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

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. Officer compensation is modest relative to organizational size: Milton Hershey School & School Trust reports $4.4M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $888.2M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. 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 figures should be read.