Paul Smiths College Of Arts And Sciences
Paul Smiths College consistently operates with expenses exceeding revenue, maintaining substantial assets while reporting no officer compensation.
EIN: 150533545 · Paul Smiths, NY · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34.8M |
| Total Expenses | $41.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $75 |
| Net Assets | $61.9M |
| Transparency Score | 70/100 |
Is Paul Smiths College Of Arts And Sciences Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paul Smiths College Of Arts And Sciences directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paul Smiths College Of Arts And Sciences
Paul Smiths College Of Arts And Sciences (EIN: 150533545) is a nonprofit organization based in Paul Smiths, NY, classified under NTEE code B420. The organization reported total revenue of $34.8M and total assets of $75.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paul Smiths College Of Arts And Sciences's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paul Smiths College Of Arts And Sciences is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.5M |
| Total Expenses | $41.6M |
| Surplus / Deficit | $-2,115,243 |
| Total Assets | $79.8M |
| Total Liabilities | $17.9M |
| Net Assets | $61.9M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 23.0 months |
Financial Health Grade: B
In 2023, Paul Smiths College Of Arts And Sciences reported a deficit of $2.1M with expenses exceeding revenue, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Paul Smiths College Of Arts And Sciences's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | -3.9% | +3.6% |
| 2022 | +14.7% | +14.7% | -7.3% |
| 2021 | -3.3% | +1.0% | +6.5% |
| 2020 | +3.6% | -3.5% | -0.4% |
| 2019 | -1.5% | +3.8% | -3.0% |
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 Paul Smiths College Of Arts And Sciences with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Paul Smiths College Of Arts And Sciences 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings from 201406 to 202306, indicating no compensation was reported for officers, directors, trustees, or key employees on Part VII of the Form 990, which is highly unusual for an organization of this size with assets exceeding $75 million.
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 Paul Smiths College Of Arts And Sciences's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, such as a $2,115,243 deficit in 202306.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Paul Smiths College Of Arts And Sciences:
- Strong and stable asset base, consistently above $75 million, providing financial resilience.
- Exceptional transparency regarding executive compensation, reporting 0% officer compensation across all available filings.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and public disclosure.
Frequently Asked Questions about Paul Smiths College Of Arts And Sciences
Is Paul Smiths College Of Arts And Sciences a legitimate charity?
Paul Smiths College Of Arts And Sciences (EIN: 150533545) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $34.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Paul Smiths College Of Arts And Sciences spend its money?
Paul Smiths College Of Arts And Sciences directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Paul Smiths College Of Arts And Sciences tax-deductible?
Paul Smiths College Of Arts And Sciences is registered as a tax-exempt nonprofit (EIN: 150533545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Paul Smiths College Of Arts And Sciences CEO make?
Paul Smiths College Of Arts And Sciences's highest-compensated officer earns $75 annually. The organization reported $34.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Paul Smiths College Of Arts And Sciences's spending goes to programs?
Paul Smiths College Of Arts And Sciences directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Paul Smiths College Of Arts And Sciences compare to similar nonprofits?
With a transparency score of 70/100 (Good), Paul Smiths College Of Arts And Sciences 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 Paul Smiths College Of Arts And Sciences located?
Paul Smiths College Of Arts And Sciences is headquartered in Paul Smiths, New York and files with the IRS under EIN 150533545. It is classified under NTEE code B420.
How many years of IRS 990 filings does Paul Smiths College Of Arts And Sciences have?
Paul Smiths College Of Arts And Sciences 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 $34.8M in total revenue.
Is Paul Smiths College Of Arts And Sciences financially sustainable given its recurring operational deficits?
The college has consistently reported expenses exceeding revenue in recent years (e.g., a $2.1 million deficit in 202306 and a $2.5 million deficit in 202206). While it maintains substantial assets (over $79 million in 202306), this pattern of deficit spending could impact long-term financial sustainability if not addressed.
How does Paul Smiths College fund its operations given the revenue shortfalls?
The consistent operational deficits suggest the college may be drawing from its asset base or relying on other non-operating income sources not fully detailed in the provided summary to cover the gap between its program and administrative expenses and its core revenues.
What is the reason for 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation on the IRS 990 filings is highly unusual for an institution of this size. It could mean that compensation for key personnel is reported differently, covered by another entity, or that the individuals serving in these roles are uncompensated, which would be a significant point of transparency.
What is the trend in the college's asset base?
The college's assets have fluctuated but remained robust, generally staying above $75 million over the past decade, reaching $79,764,344 in 202306. This indicates a strong underlying financial foundation despite operational deficits.
Filing History
IRS 990 filing history for Paul Smiths College Of Arts And Sciences showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Paul Smiths College Of Arts And Sciences's revenue has grown by 16%, moving from $34.1M to $39.5M. Total assets increased by 0.7% over the same period, from $79.2M to $79.8M. Total functional expenses rose by 33.2%, from $31.3M to $41.6M. In its most recent filing year (2023), Paul Smiths College Of Arts And Sciences reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $17.9M in liabilities against $79.8M in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $61.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.5M | $41.6M | $79.8M | $17.9M | — | — |
| 2022 | $40.8M | $43.3M | $77.0M | $14.9M | — | View 990 |
| 2021 | $35.5M | $37.8M | $83.1M | $15.8M | — | View 990 |
| 2020 | $36.8M | $37.4M | $78.0M | $17.1M | — | View 990 |
| 2019 | $35.5M | $38.7M | $78.3M | $18.7M | — | View 990 |
| 2018 | $36.1M | $37.3M | $80.7M | $19.6M | — | View 990 |
| 2017 | $40.1M | $37.2M | $82.1M | $21.3M | — | View 990 |
| 2016 | $35.5M | $37.1M | $76.0M | $20.8M | — | View 990 |
| 2015 | $39.1M | $35.9M | $79.2M | $21.8M | — | View 990 |
| 2014 | $34.6M | $36.6M | $78.5M | $24.2M | — | View 990 |
| 2013 | $37.2M | $36.1M | $77.6M | $23.8M | — | View 990 |
| 2012 | $36.4M | $34.6M | $76.4M | $25.4M | — | View 990 |
| 2011 | $34.1M | $31.3M | $79.2M | $30.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.5M, expenses of $41.6M, and assets of $79.8M (revenue -3.1% year-over-year).
- 2022: Revenue of $40.8M, expenses of $43.3M, and assets of $77.0M (revenue +14.7% year-over-year).
- 2021: Revenue of $35.5M, expenses of $37.8M, and assets of $83.1M (revenue -3.3% year-over-year).
- 2020: Revenue of $36.8M, expenses of $37.4M, and assets of $78.0M (revenue +3.6% year-over-year).
- 2019: Revenue of $35.5M, expenses of $38.7M, and assets of $78.3M (revenue -1.5% year-over-year).
- 2018: Revenue of $36.1M, expenses of $37.3M, and assets of $80.7M (revenue -10.0% year-over-year).
- 2017: Revenue of $40.1M, expenses of $37.2M, and assets of $82.1M (revenue +13.0% year-over-year).
- 2016: Revenue of $35.5M, expenses of $37.1M, and assets of $76.0M (revenue -9.3% year-over-year).
- 2015: Revenue of $39.1M, expenses of $35.9M, and assets of $79.2M (revenue +12.9% year-over-year).
- 2014: Revenue of $34.6M, expenses of $36.6M, and assets of $78.5M (revenue -7.1% year-over-year).
- 2013: Revenue of $37.2M, expenses of $36.1M, and assets of $77.6M (revenue +2.3% year-over-year).
- 2012: Revenue of $36.4M, expenses of $34.6M, and assets of $76.4M (revenue +6.9% year-over-year).
- 2011: Revenue of $34.1M, expenses of $31.3M, and assets of $79.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paul Smiths College Of Arts And Sciences:
Data Sources and Methodology
This transparency report for Paul Smiths College Of Arts And Sciences 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.