Ithaca College
88% goes to programs $18 to raise $100 Strong reserves Growing revenue
Ithaca College is a 501(c)(3) organization based in Ithaca, New York, registered in 1938, with $369,578,460 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
325 Prw Bldg 953 Danby Road, Ithaca, NY, 14850 EIN 15-0532204 Since 1938
Revenue (FY2023)
$369.6M
▲ 3.2% vs prior year
Education median: $200K
Expenses (FY2023)
$332.5M
Net assets
$711.4M
Employees
3,934
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 rating88% to programs · $18 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 Ithaca College: 88% to programs · $18 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +10% 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 Ithaca College: 26 mo reserves · +10% 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 Ithaca College: 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 Ithaca College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Our mission is to educate, engage, and empower through theory, practice, and performance.
What they do
Other program services:academic support includes expenses incurred to provide support services for the college's primary program service of instruction, research, and public service. it includes the following activities: the retention, preservation, and display of educational materials at the ithaca college library, the handwerker gallery, and other gallery spaces; information technology services deployed at the college, particularly services within the themes of campus engagement and teaching & learning; academic administration and personnel providing administrative support and management direction to the primary program service; and separately budgeted support for course and curriculum development.
Contact & location
- Address
- 325 Prw Bldg 953 Danby Road, Ithaca, NY, 14850
- City
- Ithaca
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $331.0M (FY2013) to $369.6M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $163.1MNet assets $711.4M
Operating margin
10.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$874.5M
Total liabilities
$163.1M
Net assets
$711.4M
Salaries & benefits
$129.8M
39% of expenses
Board members
30
26 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $369,578,460▲3.2% | $332,498,680▲3.3% | $711,393,162▲4.4% | $874,485,054▲2.9% | 990 |
| 2022 | $358,076,074▲1.3% | $321,970,603▲2.9% | $681,672,409▲3.4% | $849,515,520▲1.7% | 990 |
| 2021 | $353,413,943▲14.1% | $313,023,511▲0.2% | $659,387,895▼8.2% | $835,496,702▼8.1% | 990 |
| 2020 | $309,746,342▼15.3% | $312,551,035▼15.6% | $718,020,830▲13.6% | $909,282,506▲8.9% | 990 |
| 2019 | $365,679,639▼1.4% | $370,493,665▲1.4% | $632,234,337▲1.7% | $834,703,732▲0.6% | 990 |
| 2017 | $370,878,479▲1.6% | $365,317,228▲5.2% | $621,361,625▲3.2% | $829,643,495▲0.5% | 990 |
| 2016 | $364,883,933▲1.1% | $347,189,235▲3.6% | $602,055,048▲9.1% | $825,272,956▲5.6% | 990 |
| 2015 | $360,738,862▲0.6% | $335,109,269▲2.7% | $551,693,264▲1.6% | $781,142,672▼0.1% | 990 |
| 2014 | $358,448,785▲8.3% | $326,269,383▲6.3% | $543,207,601▲4.5% | $781,737,607▲3.0% | 990 |
| 2013 | $330,969,510 | $307,060,651▲2.7% | $520,005,120▲10.0% | $758,676,460▲5.3% | 990 |
| 2012 | — | $298,910,799▲5.7% | $472,600,939▲11.5% | $720,707,166▲5.0% | 990 |
| 2011 | — | $282,898,667▲5.0% | $423,882,324▼1.1% | $686,319,224▲0.1% | 990 |
| 2010 | — | $269,318,628▲2.0% | $428,641,192▲18.3% | $685,798,549▲12.9% | 990 |
| 2009 | — | $264,099,538 | $362,292,231 | $607,707,612 | 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: La Jerne Terry Cornish — $603,903 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| La Jerne Terry Cornish | President | 40 | $603,903 |
| Melanie Stein | Provost & Senior Vp Academic Affairs | 40 | $292,908 |
| Timothy C Downs | Vp Finance & Administration, Cfo | 40 | $279,586 |
| Linda Petrosino | Dean, Hs&hp (thru 06/23) | 0 | $269,456 |
| Michael Johnson-cramer | Dean, Business | 40 | $242,029 |
| Anne Hogan Thru 0624 | Dean, Music Theatre and Dance | 40 | $229,779 |
| Emily Rockett | Vp General Counsel & Board Secretary | 40 | $226,459 |
| Amy Falkner | Dean, Communications | 40 | $224,359 |
| David L Weil - Vp Chief | Information and Analytics Officer | 40 | $220,598 |
| Bonnie Prunty Thru 0624 | Vp Student Affairs & Campus Life | 40 | $206,740 |
| Claire Gleitman | Dean, H&s | 40 | $202,507 |
| Kirra Franzese | Associate Vp, Chief Human Resources | 40 | $192,182 |
| Stephen Tropiano | Professor & La Program Director | 40 | $188,591 |
| M Quincy Davidson Thru 0424 | Assistant Vp For Engagement | 40 | $183,506 |
| James A Yaggie | Professor, Director Hs&hp | 40 | $175,872 |
| Marie C Blouin | Associate Professor & Chair | 40 | $175,392 |
| Margaret B Shackell | Associate Professor & Director | 40 | $175,281 |
| Laurie M Koehler | Vp Marketing & Enroll (thru 06/23) | 0 | $154,538 |
| Casey L Kendall | Trustee (thru 06/30/2024)/staff | 40 | $152,238 |
| Alka Bramhandkar | Professor | 40 | $141,981 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Architectural Concrete Plus LLC | General Construction | $6,006,752 |
| Burton F Clark Inc | General Construction | $2,939,350 |
| Apogee Telecom Inc | It Data Services | $1,551,312 |
| Vandis Inc | It Networking Services | $1,456,911 |
| Cayuga Medical Associates PC | Medical Services | $1,407,203 |
Grants received · $7.4M total
110 grants to Ithaca College totaling $7.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $85,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $57,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $50,713 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $41,440 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $38,750 |
| American Online Giving Foundation Inc | General support | 2024 | $27,627 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $26,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $13,500 |
| Ayco Charitable Foundation | Education | 2024 | $10,000 |
| American Gift Fund | Operations | 2024 | $7,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $769,900 |
| Cornell University | Other-agricultural sciences | 2023 | $105,945 |
| The New York Community Trust | For program support. | 2023 | $105,000 |
| Donor Advised Charitable Giving | Education | 2023 | $55,050 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $39,300 |
Grants made · $393K in FY2023
5 grants totaling $393K in FY2023. All grants made by Ithaca College →
| Recipient | Purpose | Amount |
|---|---|---|
| Hillel the Foundation For Jewish Campus Life | Contributions received & remitted by ithaca college | $239,679 |
| Research Foundation For the State University of New York | Payment to subrecipient of federal grant | $53,890 |
| Hobart and William Smith Colleges | Payment to subrecipient of federal grant | $42,837 |
| Tompkins County Area Development Inc | Support economic advancement in tompkins county ny | $34,000 |
| Utica University | Payment to subrecipient of federal grant | $22,343 |
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Compare Ithaca College
Frequently asked questions
- Is Ithaca College a legitimate nonprofit?
- Yes. Ithaca College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 15-0532204, based in Ithaca, New York. Donations are tax-deductible.
- What is Ithaca College's EIN?
- Ithaca College's Employer Identification Number (EIN) is 15-0532204.
- How much revenue does Ithaca College report?
- Ithaca College reported $369,578,460 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ithaca College's spending goes to programs?
- Ithaca College spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ithaca College have?
- CharityIndex grades Ithaca College A, based on program efficiency and fundraising cost.
- How much does Ithaca College's highest-paid employee make?
- The highest reported compensation on Ithaca College's latest Form 990 is $603,903, paid to La Jerne Terry Cornish (President).
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Data for Ithaca College (EIN 15-0532204) 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.