Hofstra University
89% goes to programs $11 to raise $100 Strong reserves Growing revenue
Hofstra University is a 501(c)(3) organization based in Hempstead, New York, registered in 1942, with $705,753,783 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
128 Hofstra Univ Phillips Hall 100, Hempstead, NY, 11549 EIN 11-1630906 Since 1942
Revenue (FY2023)
$705.8M
▲ 8.0% vs prior year
Education median: $200K
Expenses (FY2023)
$642.1M
Net assets
$1.2B
Employees
5,785
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $11 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hofstra University: 89% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hofstra University: 23 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hofstra University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hofstra University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Institution of higher learning
What they do
Auxiliary enterprises, including residence halls and food service. (approximately 2,556 students in residence halls)
Contact & location
- Address
- 128 Hofstra Univ Phillips Hall 100, Hempstead, NY, 11549
- City
- Hempstead
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $491.4M (FY2013) to $705.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $391.3MNet assets $1.2B
Operating margin
9.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$391.3M
Net assets
$1.2B
Salaries & benefits
$301.0M
47% of expenses
Board members
29
29 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $705,753,783▲8.0% | $642,149,237▲4.0% | $1,206,043,689▲12.2% | $1,597,308,183▲8.7% | 990 |
| 2022 | $653,515,145▲7.6% | $617,411,862▲6.8% | $1,074,857,765▲9.0% | $1,469,859,304▲5.3% | 990 |
| 2021 | $607,156,021 | $578,254,646▲7.5% | $985,905,782▼11.5% | $1,395,731,357▼9.3% | 990 |
| 2020 | $606,887,297▲5.3% | $537,791,385▼2.0% | $1,114,153,618▲20.2% | $1,538,245,078▲19.0% | 990 |
| 2019 | $576,220,072▼2.8% | $548,712,285▼0.7% | $926,916,173▲7.3% | $1,293,010,236▲4.7% | 990 |
| 2018 | $592,927,157▲1.7% | $552,592,661▲4.3% | $864,016,274▲4.6% | $1,235,224,804▲2.1% | 990 |
| 2017 | $583,101,365▲2.3% | $529,698,322▲2.0% | $825,887,636▲10.9% | $1,209,413,518▲6.6% | 990 |
| 2016 | $569,897,625▲8.3% | $519,103,589▲4.1% | $744,801,848▲12.9% | $1,134,969,339▲10.9% | 990 |
| 2015 | $526,295,437▲0.9% | $498,653,159▲3.2% | $659,940,933▲6.2% | $1,023,155,131▲3.1% | 990 |
| 2014 | $521,593,343▲6.2% | $483,183,537▲5.9% | $621,689,914▲3.0% | $992,004,316▼0.3% | 990 |
| 2013 | $491,366,721 | $456,233,999▲3.6% | $603,500,548▲13.3% | $995,110,462▲7.8% | 990 |
| 2012 | — | $440,531,416▲0.7% | $532,575,815▲15.1% | $923,204,491▲9.6% | 990 |
| 2011 | — | $437,315,446▲5.3% | $462,710,260▲5.7% | $842,296,165▲6.3% | 990 |
| 2010 | — | $415,354,862▲2.7% | $437,782,751▲12.9% | $792,729,810▲8.8% | 990 |
| 2009 | — | $404,540,550 | $387,770,261 | $728,654,925 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Susan Poser — $1,237,529 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Susan Poser | President | 60 | $1,237,529 |
| Craig Claxton | Head Men's Basketball Coach | 60 | $796,549 |
| Catherine Hennessy | Svp Finance/treasurer | 60 | $763,748 |
| David Battinelli | Dean, School of Medicine | 60 | $699,261 |
| Charles Riordan | Provost | 60 | $632,680 |
| Alan Kelly | Svp For Development | 60 | $499,362 |
| Jessica Eads | Svp For Enroll Mgmt | 60 | $498,400 |
| Jennifer Mone | Svp For Legal Affairs | 60 | $467,766 |
| Sina Rabbany | Dean, School of Engineering | 60 | $439,401 |
| Richard Cole | Vp For Athletics | 60 | $437,789 |
| Gail Prudenti | Dean, School of Law To 6/23 | 60 | $435,900 |
| Janet Lenaghan | Dean, School of Business | 60 | $425,308 |
| Joseph Barkwill | Vp For Facilities To 8/24 | 60 | $388,544 |
| Denise Cunningham | Vp For Hr | 60 | $299,792 |
| Theresa Coniglio | Vp Marketing & Comm | 60 | $248,849 |
| Cornell Craig | Vp Equity & Inclus Eff 11/23 | 60 | $175,540 |
| Alan J Bernon | Trustee | 2 | — |
| Arno H Fried | Trustee | 2 | — |
| Craig Dempster | Trustee | 2 | — |
| David S Mack | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Structure Tone LLC | Construction | $22,804,035 |
| Compass Group USA Inc | Campus Food Provider | $14,783,942 |
| Michael Anthony Contracting Corp | Construction | $6,276,280 |
| The Landtek Group LLC | Turf Replacement | $2,825,650 |
| Boilermatic Welding Industries Inc | Repairs/maintenance | $1,509,878 |
Grants received · $19.8M total
171 grants to Hofstra University totaling $19.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The New York Community Trust | For program support. | 2024 | $250,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $106,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $101,600 |
| Fjc | General operating support | 2024 | $101,000 |
| National Safety Council | To complete the project fostering improved public awareness of snow squall driving danger | 2024 | $95,916 |
| American Endowment Foundation | Educational | 2024 | $61,000 |
| The New York Community Trust | For a scholarship award. | 2024 | $25,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $22,894 |
| The New York Community Trust | For program support. | 2024 | $15,000 |
| Ayco Charitable Foundation | Education | 2024 | $10,000 |
| The Bessemer Giving Fund | General support | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $9,875 |
| Sierra Club | Environmental protection | 2024 | $9,000 |
| Greater Horizons | Education | 2024 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,254,415 |
Grants made · $40K in FY2023
1 grant totaling $40K in FY2023. All grants made by Hofstra University →
| Recipient | Purpose | Amount |
|---|---|---|
| Village of Hempstead | Contribution | $40,000 |
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Compare Hofstra University
Frequently asked questions
- Is Hofstra University a legitimate nonprofit?
- Yes. Hofstra University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-1630906, based in Hempstead, New York. Donations are tax-deductible.
- What is Hofstra University's EIN?
- Hofstra University's Employer Identification Number (EIN) is 11-1630906.
- How much revenue does Hofstra University report?
- Hofstra University reported $705,753,783 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Hofstra University's spending goes to programs?
- Hofstra University spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hofstra University have?
- CharityIndex grades Hofstra University A, based on program efficiency and fundraising cost.
- How much does Hofstra University's highest-paid employee make?
- The highest reported compensation on Hofstra University's latest Form 990 is $1,237,529, paid to Susan Poser (President).
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Data for Hofstra University (EIN 11-1630906) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.