Skidmore College

Skidmore College maintains strong financial health with growing assets and consistent operational surpluses.

EIN: 141338562 · Saratoga Spgs, NY · NTEE: B420 · Updated: 2026-03-28

$486.3MRevenue

$1.0BAssets

85/100Mission Score (Excellent)

B420

About Skidmore College

Skidmore College (EIN: 141338562) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code B420. The organization reported total revenue of $486.3M and total assets of $1.0B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skidmore College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Skidmore College demonstrates a generally stable financial position, with assets consistently exceeding liabilities, indicating long-term solvency. Over the past decade, the organization has seen significant growth in its asset base, from $676 million in 2014 to over $1 billion in its latest filing, reflecting strong financial management and potentially successful fundraising or investment strategies. Revenue has also shown a positive trend, with the latest reported revenue at $486 million, a substantial increase from previous years, though the 202305 filing shows $269 million, suggesting some variability or different reporting periods for the 'latest revenue' figure provided. The college consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported periods, contributing to its growing asset base.

Spending efficiency appears reasonable, with expenses generally staying below revenue. For instance, in 202305, expenses were $246 million against $269 million in revenue, indicating a healthy operational margin. The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this size and suggests that executive compensation might be reported under different categories or that the provided 'Officer Comp' data specifically refers to a particular type of compensation not applicable here, which could impact transparency if not clarified. Further details on functional expenses (program, administrative, fundraising) would provide a more complete picture of spending efficiency.

Regarding transparency, the consistent availability of IRS 990 filings is a positive indicator. However, the lack of reported officer compensation in the provided data points raises a question about how executive salaries are disclosed, which is a key aspect of financial transparency for non-profits. A detailed breakdown of functional expenses would further enhance the understanding of how funds are allocated across its mission-related activities, administration, and fundraising efforts.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Skidmore College 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, Skidmore College 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 shows 0% for officer compensation across all filings, which is highly unusual for an institution of Skidmore College's size and financial scale, suggesting executive compensation is either reported under other categories or not captured in this specific data point, warranting further investigation for full transparency.

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 Skidmore College's IRS 990 filings:

Unusual 0% officer compensation reported across all filings, potentially obscuring executive pay details.

Strengths

The following positive indicators were identified for Skidmore College:

Consistent operational surpluses, with revenues exceeding expenses in all reported periods.
Significant growth in assets, from $676 million in 2014 to over $1 billion in the latest filing, indicating strong financial management.
Healthy asset-to-liability ratio, demonstrating long-term solvency and financial stability.
Consistent filing of IRS 990 forms, indicating a commitment to regulatory compliance.

Frequently Asked Questions about Skidmore College

Is Skidmore College a good charity?

Based on its strong financial health, consistent operational surpluses, and growing asset base, Skidmore College appears to be a well-managed institution. Its ability to consistently generate more revenue than expenses and grow its assets from $676 million to over $1 billion over a decade indicates sound financial stewardship. However, the lack of reported officer compensation in the provided data is a transparency concern that would need further clarification to fully assess its 'goodness' as a charity.

How does Skidmore College manage its executive compensation?

The provided IRS 990 data consistently reports 0% for officer compensation. This is highly atypical for an organization of Skidmore College's size and suggests that executive compensation is either reported under different expense categories (e.g., salaries and wages for all employees) or that the 'Officer Comp' field specifically refers to a type of compensation not applicable here. Without further detail, it's difficult to assess the specifics of executive compensation management.

What is the trend in Skidmore College's financial stability?

Skidmore College demonstrates a strong and improving trend in financial stability. Its assets have grown significantly from $676 million in 2014 to over $1 billion in the latest filing, while liabilities have remained manageable relative to assets. The college consistently operates with a surplus, with revenues exceeding expenses in all reported periods, indicating robust financial health and sustainability.

Filing History

IRS 990 filing history for Skidmore College showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Skidmore College's revenue has grown by 48.2%, moving from $181.8M to $269.4M. Total assets increased by 55.7% over the same period, from $625.4M to $973.8M. Total functional expenses rose by 45.9%, from $169.0M to $246.6M. In its most recent filing year (2023), Skidmore College reported a surplus of $22.9M, with revenue exceeding expenses. The organization holds $177.9M in liabilities against $973.8M in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $795.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$269.4M	$246.6M	$973.8M	$177.9M	—	View 990
2022	$268.7M	$229.3M	$987.0M	$186.5M	—	View 990
2021	$226.4M	$207.0M	$1.0B	$194.0M	—	View 990
2020	$241.5M	$214.5M	$826.5M	$173.3M	—	View 990
2019	$242.0M	$214.9M	$827.6M	$179.3M	—	View 990
2018	$244.0M	$206.3M	$817.1M	$179.3M	—	View 990
2017	$214.7M	$204.8M	$742.5M	$147.7M	—	View 990
2016	$229.2M	$164.0M	$694.1M	$148.3M	—	View 990
2015	$216.3M	$196.9M	$701.7M	$179.8M	—	View 990
2014	$213.6M	$198.8M	$676.6M	$178.4M	—	View 990
2013	$184.8M	$172.5M	$637.7M	$171.9M	—	View 990
2012	$181.4M	$179.4M	$612.0M	$179.1M	—	View 990
2011	$181.8M	$169.0M	$625.4M	$169.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $269.4M, expenses of $246.6M, and assets of $973.8M (revenue +0.3% year-over-year).
2022: Revenue of $268.7M, expenses of $229.3M, and assets of $987.0M (revenue +18.7% year-over-year).
2021: Revenue of $226.4M, expenses of $207.0M, and assets of $1.0B (revenue -6.2% year-over-year).
2020: Revenue of $241.5M, expenses of $214.5M, and assets of $826.5M (revenue -0.2% year-over-year).
2019: Revenue of $242.0M, expenses of $214.9M, and assets of $827.6M (revenue -0.8% year-over-year).
2018: Revenue of $244.0M, expenses of $206.3M, and assets of $817.1M (revenue +13.6% year-over-year).
2017: Revenue of $214.7M, expenses of $204.8M, and assets of $742.5M (revenue -6.3% year-over-year).
2016: Revenue of $229.2M, expenses of $164.0M, and assets of $694.1M (revenue +6.0% year-over-year).
2015: Revenue of $216.3M, expenses of $196.9M, and assets of $701.7M (revenue +1.2% year-over-year).
2014: Revenue of $213.6M, expenses of $198.8M, and assets of $676.6M (revenue +15.6% year-over-year).
2013: Revenue of $184.8M, expenses of $172.5M, and assets of $637.7M (revenue +1.9% year-over-year).
2012: Revenue of $181.4M, expenses of $179.4M, and assets of $612.0M (revenue -0.2% year-over-year).
2011: Revenue of $181.8M, expenses of $169.0M, and assets of $625.4M.

Data Sources and Methodology

This transparency report for Skidmore 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.