Education (B420) IRS Verified DX Registered 990 on File

SWARTHMORE COLLEGE

EIN: 23-1352683 · SWARTHMORE, PA 19081-1306 · United States · FY 2023 Data

3 out of 5 59 / 100 Based on 2+ years of filings

Financial strength (30%) 82/100

Reliability (20%) 70/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

The purpose of Swarthmore College is to make its students more valuable human beings and more useful members of society. Although it shares this purpose with other educational institutions, each school, college, and university seeks to realize that purpose in its own way. Swarthmore seeks to help its students realize their full intellectual and personal potential combined with a deep sense of ethical and social concern. The Swarthmore College curriculum is designed to give recognition to this fact and seeks to evoke the maximum effort and development from each student. By being open to change, Swarthmore tries to provide for its students, by means appropriate to the times, the standard of excellence it has sought to maintain from its founding.

Financial Overview — FY 2023

$270.7M

Total Revenue

$270.5M

Total Expenses

$3022.3M

Net Assets

2751

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 78.2%

Fundraising Efficiency N/A

Operating Reserve 134.09x

Liability-to-Asset 12.8%

Revenue Diversification 47.2%

Executive Compensation $6.1M

Compared with Peers

FY 2023

Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	78.2%	87.4%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	19.2%	10.5%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	2.6%	1.3%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	134.1 mo	20.3 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	12.8%	27.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	47.2%	84.6%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-35.1%	-2.0%	P10P90
Expense growth Year over year expense growth	6.3%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	0.1%	1.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$270.7M	$270.5M	$3022.3M	78.2%	2751
2022	$417.2M	$254.4M	$3016.5M	78.1%	2481
2021	$364.5M	$225.0M	N/A	—	2445

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Organization Details

EIN: 23-1352683
State: PA
City: SWARTHMORE
ZIP: 19081-1306
Classification: B420
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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