Milton Hershey School and School Trust
Milton Hershey School and School Trust reported $1.26 billion in revenue and $381.2 million in expenses for the fiscal year ending July 31, 2025. Of every $100 it spent, $72.24 went to program services, $27.76 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 99.8% of the total. The highest compensation it reported for one person was $2,095,008 (BOARD OF MANAGERS). 338 people received more than $100,000 in reportable compensation. Revenue rose 173% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending July 31, 2025 · Form 990, Part IX, line 25 · total expenses $381MFor 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 July 31, 2025 · Form 990, Part VIII · total revenue $1.26BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 72.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 27.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,095,008 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.55% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 338 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 733.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 0 of 14 | 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 expenseProgram service accomplishments Milton Hershey School is committed to educating and nurturing the whole child-academically, physically, emotionally, and socially. Thanks to the vision and generosity of milton and catherine hershey, every enrolled student receives comprehensive care and opportunity at no cost to their family. This includes: - high-quality education delivered instate-of-the-artclassrooms with small class sizes, ensuring personal attention and tailored instruction. - the physical, mental, dental, and psychological care of all students. - nutritious meals, clothing, and safe…
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 |
|---|---|---|---|---|
| BOARD OF MANAGERS Director/trustee, 6.0 hrs/week | $0 | $1,999,060 | $95,948 | $2,095,008 |
| PRESIDENT Officer, 40.0 hrs/week | $837,613 | $0 | $141,123 | $978,736 |
| VP ADMINISTRATION Officer, 53.0 hrs/week | $403,434 | $0 | $111,463 | $514,897 |
| SR VP OF EDU AND STUDENT LIFE Officer, 55.0 hrs/week | $385,641 | $0 | $56,588 | $442,229 |
| VP Legal/Gen Counsel/SECRETARY Officer, 55.0 hrs/week | $332,768 | $0 | $85,472 | $418,240 |
| VP OF HR Officer, 55.0 hrs/week | $295,686 | $0 | $69,408 | $365,094 |
| HEAD-MIDDLE DIVISION Key employee, 53.0 hrs/week | $255,134 | $0 | $83,426 | $338,560 |
| HEAD OF DIVISIONS Key employee, 55.0 hrs/week | $255,662 | $0 | $77,217 | $332,879 |
338 people received more than $100,000 in reportable compensation from Milton Hershey School and School Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.4M (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–1b14 · 0 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 2Yes
- 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 52,650
- Volunteers Part I, line 6294
Correct a figure or respond
Every number above is copied from Milton Hershey School and School Trust's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Milton Hershey School and School Trust, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Milton Hershey School and School Trust spent in FY2025, $72.24 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Texas Christian UniversityFort Worth, TX · revenue $1.25B · programs 88.0% · FY2025
- Au Medical CenterMarietta, GA · revenue $1.29B · programs 92.1% · FY2025
- Ohio State University PhysiciansColumbus, OH · revenue $1.23B · programs 88.2% · FY2025
- The Royal Institution for the Advancement of Learning McGill UniversityCanada, · revenue $1.34B · programs 92.8% · FY2025
- Fordham UniversityBronx, NY · revenue $1.23B · programs 91.4% · FY2025
Questions people ask
How much of Milton Hershey School and School Trust's spending goes to programs?
In the fiscal year ending July 31, 2025, Milton Hershey School and School Trust reported that 72.2% of its $381.2 million in expenses went to program services, 27.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Milton Hershey School and School Trust pay its top executive?
The largest total compensation Milton Hershey School and School Trust reported for one person in the fiscal year ending July 31, 2025 was $2,095,008, for the role of BOARD OF MANAGERS (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Milton Hershey School and School Trust get its money?
Of $1.26 billion in revenue in the fiscal year ending July 31, 2025, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Milton Hershey School and School Trust a registered charity?
The IRS lists EIN 23-1353340 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 July 31, 2025, object 202631639349300843 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending July 31, 2024, object 202521679349301402 · read the filing
- FY2023: Form 990 for the fiscal year ending July 31, 2023, object 202411669349300526 · read the filing
- FY2022: Form 990 for the fiscal year ending July 31, 2022, object 202341669349300109 · read the filing
- FY2021: Form 990 for the fiscal year ending July 31, 2021, object 202201669349301560 · read the filing
- FY2020: Form 990 for the fiscal year ending July 31, 2020, object 202111669349301211 · read the filing
All filings for EIN 23-1353340: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.