Franklin & Marshall College
Franklin & Marshall College reported $199.4 million in revenue and $194.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.72 went to program services, $21.36 to management and general costs and $2.92 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.9% of the total. The highest compensation it reported for one person was $1,006,395 (PRESIDENT). 155 people received more than $100,000 in reportable compensation. Revenue rose 13% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $195MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $199MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.35 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 8.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 76.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,006,395 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.52% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 155 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 42.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 35 of 36 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseFinancial aid: the college commits to meeting 100% of every student's institutionally determined financial need for all four years of their education. The college provides financial aid to 86% of our students, allowing the college to recruit extraordinary talent from all backgrounds. The class of 2028 enrolled 477 students with an average sat score of 1379
Instruction: through a distinctively experiential liberal arts model, f&m offers 52 fields of study in a supportive, dynamic environment. With a 9:1 student to faculty ratio, the college's 1,857 full-time, undergraduate students have the opportunity to collaborate directly with f&m's distinguished faculty, who earn numerous national and international honors, including prestigious grants, fellowships, and career awards. F&m also is among an elite group of liberal arts colleges that maintain exceptional academic standards, including classification as a carnegie research college. F&m students…
Student and auxiliary services: f&m is a residential campus that holistically supports student growth and success. The student support hub brings together the majority of the college's student support services, including the writing center, quantitative and science center, dipcares wellness program, first-year advising mentors, international and multilingual support, and accessibility services. The college has a fully integrated student wellness center in partnership with penn medicine lancaster general health. 33% of students compete in division iii athletics on 28 varsity teams. Students…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 60.00 hrs/week | $723,111 | $0 | $283,284 | $1,006,395 |
| VP FINANCE & ADMINISTRATION Officer, 60.00 hrs/week | $313,898 | $0 | $59,982 | $373,880 |
| INTERIM PROVOST & DEAN OF FACULTY Key employee, 60.00 hrs/week | $319,550 | $0 | $48,525 | $368,075 |
| VP FOR COLLEGE ADVANCEMENT Key employee, 60.00 hrs/week | $309,431 | $0 | $41,996 | $351,427 |
| VP LEGAL AFFAIRS & GEN. COUNSEL Officer, 60.00 hrs/week | $285,688 | $0 | $35,782 | $321,470 |
| VP FOR ENROLLMENT MANAGEMENT Key employee, 60.00 hrs/week | $256,089 | $0 | $41,243 | $297,332 |
| VP & DEAN OF STUDENT AFFAIRS Key employee, 60.00 hrs/week | $225,933 | $0 | $49,851 | $275,784 |
| VP FOR COMMUNICATIONS Key employee, 60.00 hrs/week | $221,114 | $0 | $32,967 | $254,081 |
155 people received more than $100,000 in reportable compensation from Franklin & Marshall College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b36 · 35 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,936
- Volunteers Part I, line 61,120
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SODEXO INC & AFFILIATES Food services mgmt. | $8,202,271 |
| LANCASTER GENERAL MEDICAL GRP Student health svcs. | $1,938,178 |
| TWO OCEAN EDUCATION PARTNERS Recruiting services | $502,777 |
| KEELING & ASSOCIATES LLC Executive coaching & consulting | $240,000 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
65 private foundations reported grants to Franklin & Marshall College totaling $3.7M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Franklin & Marshall College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Franklin & Marshall College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Franklin & Marshall College spent in FY2025, $75.72 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Rider UniversityLawrenceville, NJ · revenue $199M · programs 86.2% · FY2025
- Sistema Universitario Ana G Mendez IncorporadoSan Juan, PR · revenue $200M · programs 69.6% · FY2025
- Philadelphia College of Osteopathic MedicinePhiladelphia, PA · revenue $198M · programs 66.8% · FY2025
- Marian UniversityIndianapolis, IN · revenue $200M · programs 85.4% · FY2025
- University of Ontario Institute of TechnologyCanada, · revenue $198M · programs 89.0% · FY2025
Questions people ask
How much of Franklin & Marshall College's spending goes to programs?
In the fiscal year ending June 30, 2025, Franklin & Marshall College reported that 75.7% of its $194.7 million in expenses went to program services, 21.4% to management and general and 2.9% to fundraising (Form 990, Part IX).
How much does Franklin & Marshall College pay its top executive?
The largest total compensation Franklin & Marshall College reported for one person in the fiscal year ending June 30, 2025 was $1,006,395, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Franklin & Marshall College get its money?
Of $199.4 million in revenue in the fiscal year ending June 30, 2025, 8.2% came from contributions and grants (including 1.2% from government grants) and 76.9% from program service revenue (Form 990, Part VIII).
Is Franklin & Marshall College a registered charity?
The IRS lists EIN 23-1352635 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631359349304993 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521349349302732 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349307288 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349307140 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241339349304104 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131349349306003 · read the filing
All filings for EIN 23-1352635: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.