Manhattanville College
Manhattanville College faces recurring operating deficits despite stable revenue, with declining assets in recent years.
EIN: 131740469 · Purchase, NY · NTEE: B420 · Updated: 2026-03-28
About Manhattanville College
Manhattanville College (EIN: 131740469) is a nonprofit organization based in Purchase, NY, classified under NTEE code B420. The organization reported total revenue of $89.3M and total assets of $78.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manhattanville College'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 Manhattanville College with a Mission Score of 65 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, Manhattanville 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.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an institution with annual expenses exceeding $90 million and suggests that executive compensation may be categorized differently or not reported under this specific line item, impacting transparency regarding leadership costs.
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 Manhattanville College's IRS 990 filings:
- Recurring operating deficits (e.g., $9.8M in 2023, $275K in 2021, $3.6M in 2020, $1.8M in 2019)
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and may obscure executive pay details.
- Declining asset base from $105.5M in 2021 to $83.4M in 2023.
Strengths
The following positive indicators were identified for Manhattanville College:
- Stable revenue generation, consistently around $90-100 million annually over the past decade.
- Healthy asset-to-liability ratio, with assets generally more than double liabilities.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Manhattanville College
Is Manhattanville College financially sustainable given recent operating deficits?
The college has reported operating deficits in four of the last five fiscal years (2019, 2020, 2021, 2023), with the most recent deficit being nearly $10 million ($83,300,306 revenue vs. $93,162,105 expenses in 2023). This trend raises concerns about long-term financial sustainability if not addressed.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all 13 available filings is highly unusual for an organization of Manhattanville College's size and revenue. This suggests that compensation for key executives might be reported under other expense categories or that the individuals considered 'officers' for this specific line item do not receive compensation, which requires further clarification for complete transparency.
What is the trend in the college's net assets?
Manhattanville College's net assets have fluctuated, peaking at $105,528,873 in 2021 but declining to $83,458,471 in 2023. This recent decline, coupled with operating deficits, indicates a reduction in the organization's overall financial reserves.
Filing History
IRS 990 filing history for Manhattanville College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Manhattanville College's revenue has declined by 15.3%, moving from $98.3M to $83.3M. Total assets decreased by 3.2% over the same period, from $86.2M to $83.5M. Total functional expenses fell by 5.3%, from $98.4M to $93.2M. In its most recent filing year (2023), Manhattanville College reported a deficit of $9.9M, with expenses exceeding revenue. The organization holds $31.9M in liabilities against $83.5M in assets (debt-to-asset ratio: 38.3%), resulting in net assets of $51.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $83.3M | $93.2M | $83.5M | $31.9M | — | — |
| 2022 | $96.0M | $95.6M | $90.9M | $31.7M | — | View 990 |
| 2021 | $90.7M | $90.9M | $105.5M | $38.2M | — | View 990 |
| 2020 | $95.2M | $98.8M | $85.8M | $22.7M | — | View 990 |
| 2019 | $94.8M | $96.7M | $90.9M | $22.6M | — | View 990 |
| 2018 | $100.9M | $97.4M | $95.3M | $24.5M | — | View 990 |
| 2017 | $99.6M | $99.0M | $92.4M | $23.0M | — | View 990 |
| 2016 | $103.1M | $100.4M | $91.8M | $25.7M | — | View 990 |
| 2015 | $102.9M | $99.5M | $94.3M | $27.7M | — | View 990 |
| 2014 | $97.6M | $94.6M | $92.7M | $29.2M | — | View 990 |
| 2013 | $98.2M | $98.8M | $87.1M | $30.6M | — | View 990 |
| 2012 | $102.7M | $99.0M | $88.0M | $32.8M | — | View 990 |
| 2011 | $98.3M | $98.4M | $86.2M | $33.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83.3M, expenses of $93.2M, and assets of $83.5M (revenue -13.2% year-over-year).
- 2022: Revenue of $96.0M, expenses of $95.6M, and assets of $90.9M (revenue +5.9% year-over-year).
- 2021: Revenue of $90.7M, expenses of $90.9M, and assets of $105.5M (revenue -4.8% year-over-year).
- 2020: Revenue of $95.2M, expenses of $98.8M, and assets of $85.8M (revenue +0.4% year-over-year).
- 2019: Revenue of $94.8M, expenses of $96.7M, and assets of $90.9M (revenue -6.0% year-over-year).
- 2018: Revenue of $100.9M, expenses of $97.4M, and assets of $95.3M (revenue +1.3% year-over-year).
- 2017: Revenue of $99.6M, expenses of $99.0M, and assets of $92.4M (revenue -3.3% year-over-year).
- 2016: Revenue of $103.1M, expenses of $100.4M, and assets of $91.8M (revenue +0.1% year-over-year).
- 2015: Revenue of $102.9M, expenses of $99.5M, and assets of $94.3M (revenue +5.5% year-over-year).
- 2014: Revenue of $97.6M, expenses of $94.6M, and assets of $92.7M (revenue -0.6% year-over-year).
- 2013: Revenue of $98.2M, expenses of $98.8M, and assets of $87.1M (revenue -4.4% year-over-year).
- 2012: Revenue of $102.7M, expenses of $99.0M, and assets of $88.0M (revenue +4.5% year-over-year).
- 2011: Revenue of $98.3M, expenses of $98.4M, and assets of $86.2M.
Data Sources and Methodology
This transparency report for Manhattanville 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.