Vassar College

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Vassar College Form 990, Revenue, CEO Pay, and IRS Filing Signals

Vassar College is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Vassar College in one place.

Is Vassar College Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Vassar College shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Vassar College directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Vassar College

Vassar College (EIN: 141338587) is a nonprofit organization based in Poughkeepsie, NY. The organization reported total revenue of $722.8M and total assets of $1.9B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vassar College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Vassar 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 1.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Vassar College reported a deficit of $20.9M with expenses exceeding revenue, holds 72.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.1% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Vassar College's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.

IRS Tax-Exempt Classification

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 Vassar 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Vassar 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $20.9M, with expenses exceeding revenue.
• Debt-to-asset ratio: 20.1%.

Executive Compensation Analysis

The consistent reporting of 0% for officer compensation across all available filings is highly unusual for an institution of Vassar College's size and financial scale, suggesting that executive compensation is either reported under different categories or not captured in this specific field, which could be a transparency concern.

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 Vassar College's IRS 990 filings:

• Consistent 0% officer compensation reported, which is unusual for an organization of this size and may indicate a lack of transparency in executive pay disclosure within the provided data.
• Occasional operating deficits (e.g., 2023, 2020, 2016) where expenses exceeded revenue, though this is often managed by large endowments.

Strengths

The following positive indicators were identified for Vassar College:

• Significant and consistent growth in assets, from $1.59 billion in 2014 to $1.84 billion in 2023, indicating strong financial stewardship and endowment performance.
• Substantial asset base ($1.93 billion latest reported) provides long-term financial stability and capacity for its educational mission.
• Generally stable revenue streams over the past decade, supporting ongoing operations.

Frequently Asked Questions about Vassar College

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Vassar College's revenue has grown by 23.9%, moving from $229.5M to $284.4M. Total assets increased by 38.3% over the same period, from $1.3B to $1.8B. Total functional expenses rose by 40.7%, from $217.0M to $305.4M. In its most recent filing year (2023), Vassar College reported a deficit of $20.9M, with expenses exceeding revenue. The organization holds $368.5M in liabilities against $1.8B in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $1.5B.

Year-by-Year Financial Summary

• 2023: Revenue of $284.4M, expenses of $305.4M, and assets of $1.8B (revenue -7.4% year-over-year).
• 2022: Revenue of $307.2M, expenses of $294.8M, and assets of $1.8B (revenue -2.5% year-over-year).
• 2021: Revenue of $315.0M, expenses of $284.0M, and assets of $2.0B (revenue +21.2% year-over-year).
• 2020: Revenue of $260.0M, expenses of $277.2M, and assets of $1.7B (revenue -13.8% year-over-year).
• 2019: Revenue of $301.5M, expenses of $277.7M, and assets of $1.7B (revenue +7.7% year-over-year).
• 2018: Revenue of $279.9M, expenses of $273.7M, and assets of $1.6B (revenue -10.1% year-over-year).
• 2017: Revenue of $311.4M, expenses of $258.4M, and assets of $1.6B (revenue +39.6% year-over-year).
• 2016: Revenue of $223.0M, expenses of $250.3M, and assets of $1.5B (revenue -6.6% year-over-year).
• 2015: Revenue of $238.9M, expenses of $242.2M, and assets of $1.6B (revenue -3.6% year-over-year).
• 2014: Revenue of $247.7M, expenses of $236.9M, and assets of $1.6B (revenue -3.2% year-over-year).
• 2013: Revenue of $255.9M, expenses of $226.9M, and assets of $1.5B (revenue +27.1% year-over-year).
• 2012: Revenue of $201.3M, expenses of $230.3M, and assets of $1.3B (revenue -12.3% year-over-year).
• 2011: Revenue of $229.5M, expenses of $217.0M, and assets of $1.3B.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Vassar College:

Data Sources and Methodology

This transparency report for Vassar 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.