TRUSTEES OF THE SMITH COLLEGE
10 ELM STREET COLLEGE HALL RM 204, NORTHAMPTON, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $532,538,934 | $446,297,536 | $3,247,910,786 |
| FY2024 | $390,094,960 | $411,554,361 | $3,083,889,661 |
| FY2023 | $587,487,822 | $385,649,483 | $2,983,255,903 |
| FY2022 | $711,163,748 | $369,492,658 | $2,960,735,912 |
| FY2021 | $481,505,110 | $292,369,130 | $3,051,743,140 |
| FY2020 | $394,570,320 | $330,171,482 | $2,323,745,918 |
| FY2019 | $371,877,770 | $326,787,282 | $2,345,403,767 |
| FY2018 | $405,729,447 | $315,774,195 | $2,285,518,124 |
| FY2017 | $350,071,567 | $309,464,118 | $2,154,190,073 |
| FY2016 | $339,440,389 | $297,202,653 | $1,998,902,268 |
| FY2015 | $382,424,681 | $293,926,099 | $2,174,031,988 |
| FY2013 | $287,199,937 | $277,828,045 | $1,895,450,052 |
| FY2012 | $263,267,924 | $268,154,045 | $1,742,003,900 |
| FY2011 | $276,422,735 | $248,834,152 | $1,779,062,346 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $71,269,988 | 23% |
| Program service revenue | $244,939,189 | 77% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $368,370,287 | 83% |
| Management & general | $70,638,940 | 16% |
| Fundraising | $7,288,309 | 2% |
What the numbers show
- Program service revenue made up 77% of total revenue in FY2025.
- Program services accounted for 83% of functional expenses, management & general 16%, and fundraising 2%.
- 83% of functional expenses went to program services in FY2025. That is higher than 53.3% of 182 Education organizations in MA.
- Net assets covered about 87.3 months of expenses at the end of the reporting year. That puts it in the 81st percentile among 2335 Education organizations in MA.
- Total revenue was higher than 99.7% of 2372 Education organizations in MA.
- Total revenue rose from $276,422,735 in FY2011 to $532,538,934 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2012, FY2024).
- The highest revenue on record here is $711,163,748 in FY2022.
- Net assets grew from $1,779,062,346 to $3,247,910,786 between FY2011 and FY2025.
- Contributions and grants made up 22% of revenue in FY2011 and 13% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 1934 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in MA) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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