Hofstra University
Hofstra University consistently grows revenue and assets, maintaining strong financial health.
EIN: 111630906 · Hempstead, NY · NTEE: B430 · Updated: 2026-03-28
Is Hofstra University Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hofstra University directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hofstra University
Hofstra University (EIN: 111630906) is a nonprofit organization based in Hempstead, NY, classified under NTEE code B430. The organization reported total revenue of $1.0B and total assets of $1.6B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hofstra University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hofstra University 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hofstra University allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all filing periods, which is unusual for an organization of Hofstra University's size and revenue. This suggests that executive compensation may be categorized differently within the expense structure or not fully captured in this specific data point, warranting further investigation into the full 990 forms for complete disclosure.
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 Hofstra University's IRS 990 filings:
- Lack of detailed officer compensation reporting in summary data (0% across all periods is atypical for an organization of this size).
Strengths
The following positive indicators were identified for Hofstra University:
- Consistent revenue growth, increasing from $491M in 2014 to $653M in 2023.
- Strong asset growth, from $995M in 2014 to $1.47B in 2023, indicating financial stability.
- Consistent operating surpluses, with revenue exceeding expenses in all reported periods (e.g., $653M revenue vs. $617M expenses in 2023).
- Manageable liabilities relative to assets, contributing to a healthy balance sheet.
Frequently Asked Questions about Hofstra University
Is Hofstra University a legitimate charity?
Based on AI analysis of IRS 990 filings, Hofstra University (EIN: 111630906) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Hofstra University spend its money?
Hofstra University directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hofstra University tax-deductible?
Hofstra University is registered as a tax-exempt nonprofit (EIN: 111630906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hofstra University's program spending compare to similar educational institutions?
While specific program spending percentages are not detailed in the provided summary, the overall financial health and consistent surpluses suggest a strong capacity to fund its educational programs. A deeper dive into the full 990 would be needed to compare program efficiency with peers.
What is the breakdown of Hofstra University's 'Officer Comp=0%' in the filings?
The consistent reporting of 0% for Officer Comp across all periods is highly unusual for an institution of this scale. It implies that executive compensation is either not reported under this specific line item, is extremely low, or is covered by other expense categories, requiring a review of the full 990 for clarity.
What is the university's strategy for managing its growing asset base?
Hofstra University's assets have grown significantly from $995 million in 2014 to $1.47 billion in 2023. This growth, coupled with consistent revenue surpluses, indicates effective asset management, likely through endowment growth and strategic investments to support its long-term mission.
Filing History
IRS 990 filing history for Hofstra University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hofstra University's revenue has grown by 45%, moving from $450.6M to $653.5M. Total assets increased by 85.4% over the same period, from $792.7M to $1.5B. Total functional expenses rose by 48.6%, from $415.4M to $617.4M. In its most recent filing year (2023), Hofstra University reported a surplus of $36.1M, with revenue exceeding expenses. The organization holds $395.0M in liabilities against $1.5B in assets (debt-to-asset ratio: 26.9%), resulting in net assets of $1.1B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $653.5M | $617.4M | $1.5B | $395.0M | — | View 990 |
| 2022 | $607.2M | $578.3M | $1.4B | $409.8M | — | View 990 |
| 2021 | $606.9M | $537.8M | $1.5B | $424.1M | — | View 990 |
| 2020 | $576.2M | $548.7M | $1.3B | $366.1M | — | — |
| 2019 | $592.9M | $552.6M | $1.2B | $371.2M | — | View 990 |
| 2018 | $583.1M | $529.7M | $1.2B | $383.5M | — | View 990 |
| 2017 | $569.9M | $519.1M | $1.1B | $390.2M | — | View 990 |
| 2016 | $526.3M | $498.7M | $1.0B | $363.2M | — | View 990 |
| 2015 | $521.6M | $483.2M | $992.0M | $370.3M | — | View 990 |
| 2014 | $491.4M | $456.2M | $995.1M | $391.6M | — | View 990 |
| 2013 | $469.3M | $440.5M | $923.2M | $390.6M | — | View 990 |
| 2012 | $452.7M | $437.3M | $842.3M | $379.6M | — | View 990 |
| 2011 | $450.6M | $415.4M | $792.7M | $354.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $653.5M, expenses of $617.4M, and assets of $1.5B (revenue +7.6% year-over-year).
- 2022: Revenue of $607.2M, expenses of $578.3M, and assets of $1.4B (revenue +0.0% year-over-year).
- 2021: Revenue of $606.9M, expenses of $537.8M, and assets of $1.5B (revenue +5.3% year-over-year).
- 2020: Revenue of $576.2M, expenses of $548.7M, and assets of $1.3B (revenue -2.8% year-over-year).
- 2019: Revenue of $592.9M, expenses of $552.6M, and assets of $1.2B (revenue +1.7% year-over-year).
- 2018: Revenue of $583.1M, expenses of $529.7M, and assets of $1.2B (revenue +2.3% year-over-year).
- 2017: Revenue of $569.9M, expenses of $519.1M, and assets of $1.1B (revenue +8.3% year-over-year).
- 2016: Revenue of $526.3M, expenses of $498.7M, and assets of $1.0B (revenue +0.9% year-over-year).
- 2015: Revenue of $521.6M, expenses of $483.2M, and assets of $992.0M (revenue +6.2% year-over-year).
- 2014: Revenue of $491.4M, expenses of $456.2M, and assets of $995.1M (revenue +4.7% year-over-year).
- 2013: Revenue of $469.3M, expenses of $440.5M, and assets of $923.2M (revenue +3.7% year-over-year).
- 2012: Revenue of $452.7M, expenses of $437.3M, and assets of $842.3M (revenue +0.5% year-over-year).
- 2011: Revenue of $450.6M, expenses of $415.4M, and assets of $792.7M.
Data Sources and Methodology
This transparency report for Hofstra University 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.