Ithaca College
Ithaca College maintains stable financial operations with growing assets and decreasing liabilities.
EIN: 150532204 · Ithaca, NY · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $726.4M |
| Total Expenses | $322.0M |
| Program Spending | 85% |
| Net Assets | $681.7M |
| Transparency Score | 75/100 |
Is Ithaca College Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ithaca College directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ithaca College
Ithaca College (EIN: 150532204) is a nonprofit organization based in Ithaca, NY, classified under NTEE code B420. The organization reported total revenue of $726.4M and total assets of $874.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ithaca College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ithaca College is a major nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $358.1M |
| Total Expenses | $322.0M |
| Surplus / Deficit | +$36.1M |
| Total Assets | $849.5M |
| Total Liabilities | $167.8M |
| Net Assets | $681.7M |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 19.8% |
| Months of Reserves | 31.7 months |
Financial Health Grade: A
In 2023, Ithaca College reported a surplus of $36.1M with revenue exceeding expenses, holds 31.7 months of operating reserves (strong position), has a debt-to-asset ratio of 19.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ithaca College's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.3% | +2.9% | +1.7% |
| 2022 | +14.1% | +0.2% | -8.1% |
| 2021 | -15.3% | -15.6% | +8.9% |
| 2020 | +8423.3% | +3023.2% | -1.6% |
| 2019 | -98.9% | -96.9% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1938 |
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 Ithaca College with a Mission Score of 75 out of 100 (Good). 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, Ithaca College 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 surplus of $36.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.8%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation, which suggests that executive compensation is either not disclosed in this specific field of the 990 summary or is not paid to officers in a manner that triggers this reporting, making it difficult to assess relative to the organization's substantial size and revenue.
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 Ithaca College's IRS 990 filings:
- Lack of detailed executive compensation disclosure in summary data
- Unusual revenue dip in 201906 ($4,290,367) compared to other periods, potentially indicating a reporting anomaly or specific event.
Strengths
The following positive indicators were identified for Ithaca College:
- Consistent operating surpluses in recent years (e.g., $36,105,471 in 202306)
- Growing asset base over the long term
- Significant reduction in liabilities, improving financial health
- Strong revenue generation, with latest reported revenue at $726,421,733
Frequently Asked Questions about Ithaca College
Is Ithaca College a legitimate charity?
Ithaca College (EIN: 150532204) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $726.4M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ithaca College spend its money?
Ithaca College directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ithaca College tax-deductible?
Ithaca College is registered as a tax-exempt nonprofit (EIN: 150532204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ithaca College's spending goes to programs?
Ithaca College directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ithaca College compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ithaca College 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 Ithaca College located?
Ithaca College is headquartered in Ithaca, New York and files with the IRS under EIN 150532204. It is classified under NTEE code B420.
How many years of IRS 990 filings does Ithaca College have?
Ithaca College has 13 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 $726.4M in total revenue.
Is Ithaca College financially stable?
Yes, Ithaca College appears financially stable. In the 202306 period, revenue ($358,076,074) exceeded expenses ($321,970,603), indicating a healthy operating surplus. Assets have also grown, reaching $849,515,520 in 202306, while liabilities have decreased significantly since 201505.
How has Ithaca College's asset base changed over time?
Ithaca College's assets have generally increased over the past decade, from $781,737,607 in 201505 to $849,515,520 in 202306, with a peak of $909,282,506 in 202106, demonstrating long-term growth in its resource base.
What is the trend in Ithaca College's liabilities?
Ithaca College has shown a positive trend in reducing its liabilities, decreasing from $238,530,006 in 201505 to $167,843,111 in 202306, which strengthens its balance sheet.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for officer compensation in the provided data suggests that either the specific field in the 990 summary does not capture all forms of executive compensation, or compensation is structured in a way that it is not categorized as 'Officer Comp' in this summary, requiring a review of the full 990 for details.
Filing History
IRS 990 filing history for Ithaca College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ithaca College's revenue has grown by 18.5%, moving from $302.1M to $358.1M. Total assets increased by 23.9% over the same period, from $685.8M to $849.5M. Total functional expenses rose by 19.6%, from $269.3M to $322.0M. In its most recent filing year (2023), Ithaca College reported a surplus of $36.1M, with revenue exceeding expenses. The organization holds $167.8M in liabilities against $849.5M in assets (debt-to-asset ratio: 19.8%), resulting in net assets of $681.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $358.1M | $322.0M | $849.5M | $167.8M | — | View 990 |
| 2022 | $353.4M | $313.0M | $835.5M | $176.1M | — | View 990 |
| 2021 | $309.7M | $312.6M | $909.3M | $191.3M | — | View 990 |
| 2020 | $365.7M | $370.5M | $834.7M | $202.5M | — | View 990 |
| 2019 | $4.3M | $11.9M | $848.5M | $195.0M | — | View 990 |
| 2019 | $404.4M | $376.9M | $844.4M | $199.1M | — | View 990 |
| 2018 | $370.9M | $365.3M | $829.6M | $208.3M | — | View 990 |
| 2017 | $364.9M | $347.2M | $825.3M | $223.2M | — | View 990 |
| 2016 | $360.7M | $335.1M | $781.1M | $229.4M | — | View 990 |
| 2015 | $358.4M | $326.3M | $781.7M | $238.5M | — | View 990 |
| 2014 | $331.0M | $307.1M | $758.7M | $238.7M | — | View 990 |
| 2012 | $301.9M | $282.9M | $686.3M | $262.4M | — | View 990 |
| 2011 | $302.1M | $269.3M | $685.8M | $257.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $358.1M, expenses of $322.0M, and assets of $849.5M (revenue +1.3% year-over-year).
- 2022: Revenue of $353.4M, expenses of $313.0M, and assets of $835.5M (revenue +14.1% year-over-year).
- 2021: Revenue of $309.7M, expenses of $312.6M, and assets of $909.3M (revenue -15.3% year-over-year).
- 2020: Revenue of $365.7M, expenses of $370.5M, and assets of $834.7M (revenue +8423.3% year-over-year).
- 2019: Revenue of $4.3M, expenses of $11.9M, and assets of $848.5M (revenue -98.9% year-over-year).
- 2019: Revenue of $404.4M, expenses of $376.9M, and assets of $844.4M (revenue +9.0% year-over-year).
- 2018: Revenue of $370.9M, expenses of $365.3M, and assets of $829.6M (revenue +1.6% year-over-year).
- 2017: Revenue of $364.9M, expenses of $347.2M, and assets of $825.3M (revenue +1.1% year-over-year).
- 2016: Revenue of $360.7M, expenses of $335.1M, and assets of $781.1M (revenue +0.6% year-over-year).
- 2015: Revenue of $358.4M, expenses of $326.3M, and assets of $781.7M (revenue +8.3% year-over-year).
- 2014: Revenue of $331.0M, expenses of $307.1M, and assets of $758.7M (revenue +9.6% year-over-year).
- 2012: Revenue of $301.9M, expenses of $282.9M, and assets of $686.3M (revenue +-0.0% year-over-year).
- 2011: Revenue of $302.1M, expenses of $269.3M, and assets of $685.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ithaca College:
Data Sources and Methodology
This transparency report for Ithaca College 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.