Hobart And William Smith Colleges
Hobart And William Smith Colleges maintains stable finances with consistent revenue and expenses, and reports no officer compensation.
EIN: 160743040 · Geneva, NY · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $263.2M |
| Total Expenses | $169.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $150 |
| Net Assets | $341.6M |
| Transparency Score | 85/100 |
Is Hobart And William Smith Colleges Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hobart And William Smith Colleges directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hobart And William Smith Colleges
Hobart And William Smith Colleges (EIN: 160743040) is a nonprofit organization based in Geneva, NY, classified under NTEE code B420. The organization reported total revenue of $263.2M and total assets of $440.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hobart And William Smith Colleges's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hobart And William Smith Colleges is a major nonprofit that has been operating for 80 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148.6M |
| Total Expenses | $169.6M |
| Surplus / Deficit | $-20,937,456 |
| Total Assets | $420.0M |
| Total Liabilities | $78.3M |
| Net Assets | $341.6M |
| Operating Margin | -14.1% |
| Debt-to-Asset Ratio | 18.6% |
| Months of Reserves | 29.7 months |
Financial Health Grade: B
In 2023, Hobart And William Smith Colleges reported a deficit of $20.9M with expenses exceeding revenue, holds 29.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Hobart And William Smith Colleges's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.2% | +4.6% | -2.3% |
| 2022 | +6238.8% | +53062.5% | -12.1% |
| 2021 | -98.3% | -99.8% | -0.7% |
| 2021 | +1.5% | -6.3% | +19.9% |
| 2020 | -0.6% | -5.9% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hobart And William Smith Colleges with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hobart And William Smith Colleges allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.6%.
Executive Compensation Analysis
The consistent reporting of 0% for officer compensation across all available filings is highly unusual for an organization with annual revenues exceeding $150 million and assets over $400 million, suggesting either a reporting anomaly or that compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hobart And William Smith Colleges's IRS 990 filings:
- Unexplained revenue anomaly in 202106 filing ($2.8M vs typical $150M+)
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and may indicate incomplete reporting in this specific section.
Strengths
The following positive indicators were identified for Hobart And William Smith Colleges:
- Strong asset base consistently exceeding $400 million, indicating financial stability.
- Generally stable revenue and expense management over multiple periods.
- Healthy asset-to-liability ratio, demonstrating strong financial solvency.
- Consistent reporting of 0% officer compensation, suggesting potential efficiency in executive pay or strong transparency if compensation is indeed minimal.
Frequently Asked Questions about Hobart And William Smith Colleges
Is Hobart And William Smith Colleges a legitimate charity?
Based on AI analysis of IRS 990 filings, Hobart And William Smith Colleges (EIN: 160743040) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Hobart And William Smith Colleges spend its money?
Hobart And William Smith Colleges directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hobart And William Smith Colleges tax-deductible?
Hobart And William Smith Colleges is registered as a tax-exempt nonprofit (EIN: 160743040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hobart And William Smith Colleges CEO make?
Hobart And William Smith Colleges's highest-compensated officer earns $150 annually. The organization reported $263.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hobart And William Smith Colleges's spending goes to programs?
Hobart And William Smith Colleges directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hobart And William Smith Colleges compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hobart And William Smith Colleges is above average for NTEE category B420 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hobart And William Smith Colleges located?
Hobart And William Smith Colleges is headquartered in Geneva, New York and files with the IRS under EIN 160743040. It is classified under NTEE code B420.
How many years of IRS 990 filings does Hobart And William Smith Colleges have?
Hobart And William Smith Colleges has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $263.2M in total revenue.
Why is officer compensation consistently reported as 0%?
The IRS 990 filings for Hobart And William Smith Colleges consistently show 0% for officer compensation. This is highly unusual for an institution of its size and could indicate that compensation is reported in a different section of the 990, or that the organization has a unique compensation structure.
What caused the significant revenue drop in the 202106 filing period?
The revenue reported for the 202106 period was $2,833,311, a drastic decrease from the $164,697,451 reported in 202105 and $179,596,964 in 202206. This anomaly warrants further investigation to understand if it was a reporting error, a specific accounting adjustment, or an actual financial event.
How does the organization manage its liabilities relative to its assets?
Hobart And William Smith Colleges consistently maintains a healthy asset-to-liability ratio. For example, in 202306, assets were $419,967,529 against liabilities of $78,319,737, indicating strong financial solvency.
Filing History
IRS 990 filing history for Hobart And William Smith Colleges showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Hobart And William Smith Colleges's revenue has grown by 12.6%, moving from $132.0M to $148.6M. Total assets increased by 13% over the same period, from $371.8M to $420.0M. Total functional expenses rose by 32.8%, from $127.7M to $169.6M. In its most recent filing year (2023), Hobart And William Smith Colleges reported a deficit of $20.9M, with expenses exceeding revenue. The organization holds $78.3M in liabilities against $420.0M in assets (debt-to-asset ratio: 18.6%), resulting in net assets of $341.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148.6M | $169.6M | $420.0M | $78.3M | — | — |
| 2022 | $179.6M | $162.1M | $430.0M | $80.6M | — | View 990 |
| 2021 | $2.8M | $305K | $488.9M | $87.9M | — | — |
| 2021 | $164.7M | $152.2M | $492.6M | $87.5M | — | View 990 |
| 2020 | $162.3M | $162.5M | $410.7M | $87.8M | — | View 990 |
| 2019 | $163.3M | $172.6M | $408.3M | $84.3M | — | View 990 |
| 2018 | $178.1M | $169.3M | $417.8M | $89.0M | — | View 990 |
| 2017 | $169.1M | $158.0M | $407.0M | $92.3M | — | View 990 |
| 2016 | $148.8M | $154.7M | $378.6M | $94.0M | — | View 990 |
| 2015 | $162.3M | $155.5M | $398.7M | $98.0M | — | View 990 |
| 2014 | $161.8M | $146.9M | $403.3M | $98.7M | — | View 990 |
| 2013 | $146.0M | $141.1M | $366.3M | $83.6M | — | View 990 |
| 2012 | $126.7M | $139.5M | $345.4M | $86.2M | — | View 990 |
| 2011 | $132.0M | $127.7M | $371.8M | $83.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148.6M, expenses of $169.6M, and assets of $420.0M (revenue -17.2% year-over-year).
- 2022: Revenue of $179.6M, expenses of $162.1M, and assets of $430.0M (revenue +6238.8% year-over-year).
- 2021: Revenue of $2.8M, expenses of $305K, and assets of $488.9M (revenue -98.3% year-over-year).
- 2021: Revenue of $164.7M, expenses of $152.2M, and assets of $492.6M (revenue +1.5% year-over-year).
- 2020: Revenue of $162.3M, expenses of $162.5M, and assets of $410.7M (revenue -0.6% year-over-year).
- 2019: Revenue of $163.3M, expenses of $172.6M, and assets of $408.3M (revenue -8.3% year-over-year).
- 2018: Revenue of $178.1M, expenses of $169.3M, and assets of $417.8M (revenue +5.4% year-over-year).
- 2017: Revenue of $169.1M, expenses of $158.0M, and assets of $407.0M (revenue +13.6% year-over-year).
- 2016: Revenue of $148.8M, expenses of $154.7M, and assets of $378.6M (revenue -8.3% year-over-year).
- 2015: Revenue of $162.3M, expenses of $155.5M, and assets of $398.7M (revenue +0.3% year-over-year).
- 2014: Revenue of $161.8M, expenses of $146.9M, and assets of $403.3M (revenue +10.8% year-over-year).
- 2013: Revenue of $146.0M, expenses of $141.1M, and assets of $366.3M (revenue +15.3% year-over-year).
- 2012: Revenue of $126.7M, expenses of $139.5M, and assets of $345.4M (revenue -4.0% year-over-year).
- 2011: Revenue of $132.0M, expenses of $127.7M, and assets of $371.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hobart And William Smith Colleges:
Data Sources and Methodology
This transparency report for Hobart And William Smith Colleges is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.