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Education · 2023 Form 990

Springfield College: $154.9M Revenue, $128.8M Program Expenses

Springfield, Massachusetts · EIN 042104329 · Filing year 2023

Springfield College reported $154.9M in total revenue, $165.1M in total expenses, and $303.6M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($128.8M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: A (80/100).

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

A
Efficiency Score
80/100

Key Facts (2023 Form 990)

Total Revenue
$154.9M
Total Expenses
$165.1M
Program Expenses
$128.8M
Program Expense Ratio
78.0%
Total Assets
$303.6M
Reserve Months
22.1 months
EIN
042104329
Latest 990 Year
2023
Top Officer Compensation
Not reported

Springfield College earns an A on the nonprofit efficiency rubric — a top-tier rating that reflects strong program-spending ratios, reasonable executive compensation, and stable financial reserves. The composite score of 80/100 places it in the upper bracket of U.S. tax-exempt organizations.

Annual revenue at Springfield College runs $154.9M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Springfield College directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Five-year revenue is essentially flat — Springfield College's funding base appears stable but not growing. For mature organizations this is often the steady state; for younger ones it can signal a funding plateau worth diagnosing. 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, Springfield College 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.


$154.9M
Revenue
$165.1M
Expenses
$303.6M
Total Assets
78.0%
Program Spending

How Springfield College Compares

Springfield College directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 80/100 is 6 points above the Education category average. The organization holds 22.1 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$128.8M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
22.1 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Springfield College, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Springfield College has an Efficiency Score of A (80/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Springfield College, Donor FAQ

Springfield College has an Efficiency Score of A (80/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Springfield College is not reported in the most recent IRS 990 filing on file.

Springfield College reported $154.9M in annual revenue and $165.1M in total expenses for filing year 2023. The organization holds $303.6M in total assets.

For every dollar donated to Springfield College, approximately 78.0 cents goes to program activities. The organization has 22.1 months of operating reserves, providing financial stability to sustain its mission.

Springfield College is a registered 501(c) organization with EIN 042104329, based in Springfield, Massachusetts. 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 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.