Education
(B420)
IRS Verified
DX Registered
990 on File
SPELMAN COLLEGE
Financial strength (30%)
86/100
Reliability (20%)
55/100
Effectiveness (25%)
100/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
Spelman College, a historically Black college and a global leader in the education of women of African descent, is dedicated to academic excellence in the liberal arts and sciences and the intellectual, creative, ethical, and leadership development of its students. Spelman empowers the whole person to engage the many cultures of the world and inspires a commitment to positive social change.
Financial Overview — FY 2023
$194.4M
Total Revenue
$160.8M
Total Expenses
$798.9M
Net Assets
1311
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
78.9%
Fundraising Efficiency
N/A
Operating Reserve
59.61x
Liability-to-Asset
8.3%
Revenue Diversification
51.3%
Executive Compensation
$4.0M
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
|
78.9% | 87.4% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.8% | 10.5% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.3% | 1.3% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
59.6 mo | 20.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
8.3% | 27.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
51.3% | 84.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-4.9% | -2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
10.5% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
17.3% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $194.4M | $160.8M | $798.9M | 78.9% | 1311 |
| 2022 | $204.4M | $145.6M | $749.3M | 76.1% | 1025 |
| 2021 | $183.0M | $117.1M | N/A | — | 1210 |
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