Swarthmore College
Swarthmore College reported $382.2 million in revenue and $329.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.20 went to program services, $18.78 to management and general costs and $3.02 to fundraising. Its largest source of revenue was investment income: 52.0% of the total. The highest compensation it reported for one person was $1,414,844 (PRES./EX OFFICIO BOARD MEMBER). 366 people received more than $100,000 in reportable compensation. Revenue rose 16% 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 $329MFor 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 $382MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.31 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 8.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 3.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 37.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,414,844 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.43% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 366 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 115.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 39 of 39 | 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 expenseSwarthmore is a co-educational college of liberal arts and engineering dedicated to intellectual exploration, access, and educating for the common good. The average enrollment for fiscal year 2024-25 was 1,702. There were 191 students studying abroad. Of the total student population, 1,459 come from across the united states while 243 come from other nations. Swarthmore's commitment to financial aid and access is at the core of our educational mission. The college strives to make it possible for all admitted students to attend swarthmore, regardless of their ability to pay, and meets 100…
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 |
|---|---|---|---|---|
| PRES./EX OFFICIO BOARD MEMBER Director/trustee, officer, 40.0 hrs/week | $762,341 | $0 | $652,503 | $1,414,844 |
| FRMR VP OF COLLEGE ADVANCE Former, 40.0 hrs/week | $802,925 | $0 | $19,003 | $821,928 |
| VP FINANCE & ADMIN & TREASURER Officer, 40.0 hrs/week | $612,367 | $0 | $59,034 | $671,401 |
| CHIEF INVESTMENT OFFICER Officer, 40.0 hrs/week | $551,123 | $0 | $81,446 | $632,569 |
| PROVOST & DEAN (UNTIL 08/24) Officer, 40.0 hrs/week | $430,517 | $0 | $62,608 | $493,125 |
| PROFESSOR Highest compensated employee, 40.0 hrs/week | $431,454 | $0 | $18,994 | $450,448 |
| VP FOR COMMUNICATIONS Officer, 40.0 hrs/week | $344,932 | $0 | $61,574 | $406,506 |
| VP AND DEAN OF ADMISSIONS Officer, 40.0 hrs/week | $310,650 | $0 | $91,821 | $402,471 |
366 people received more than $100,000 in reportable compensation from Swarthmore College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.9M (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–1b39 · 39 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 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,907
- Volunteers Part I, line 61,045
Private foundation grants it received
56 private foundations reported grants to Swarthmore College totaling $939K 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 Swarthmore 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 Swarthmore College, you can publish a response that is linked from this page.
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Of every $100 Swarthmore College spent in FY2025, $78.20 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- New York Institute of TechnologyOld Westbury, NY · revenue $382M · programs 94.7% · FY2025
- University of New HavenWest Haven, CT · revenue $392M · programs 91.2% · FY2025
- Ohio State University FoundationColumbus, OH · revenue $379M · programs 90.7% · FY2025
- Marist UniversityPoughkeepsie, NY · revenue $397M · programs 90.6% · FY2025
- The Kansas University Endowment AssociationLawrence, KS · revenue $375M · programs 91.3% · FY2025
Questions people ask
How much of Swarthmore College's spending goes to programs?
In the fiscal year ending June 30, 2025, Swarthmore College reported that 78.2% of its $329.4 million in expenses went to program services, 18.8% to management and general and 3.0% to fundraising (Form 990, Part IX).
How much does Swarthmore College pay its top executive?
The largest total compensation Swarthmore College reported for one person in the fiscal year ending June 30, 2025 was $1,414,844, for the role of PRES./EX OFFICIO BOARD MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Swarthmore College get its money?
Of $382.2 million in revenue in the fiscal year ending June 30, 2025, 8.4% came from contributions and grants (including 3.1% from government grants) and 37.3% from program service revenue (Form 990, Part VIII).
Is Swarthmore College a registered charity?
The IRS lists EIN 23-1352683 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 202621319349304407 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501289349300830 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401299349304150 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301319349301635 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221329349304652 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131309349301143 · read the filing
All filings for EIN 23-1352683: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.