Education (B200) IRS Verified DX Registered 990 on File

MILTON HERSHEY SCHOOL & SCHOOL TRUST

EIN: 23-1353340 · HERSHEY, PA 17033-0830 · United States · FY 2025 Data

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

Financial strength (30%) 88/100

Reliability (20%) 55/100

Effectiveness (25%) 90/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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Mission Statement

Mr. & Mrs. Hershey founded the Milton Hershey School to provide a stable environment and sound education for kids in need so they can lead a successful and productive life.

Financial Overview — FY 2025

$1262.6M

Total Revenue

$381.2M

Total Expenses

$23307.1M

Net Assets

2650

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 72.2%

Fundraising Efficiency N/A

Operating Reserve 733.61x

Liability-to-Asset 1.1%

Revenue Diversification 99.8%

Executive Compensation $5.4M

Compared with Peers

FY 2025

Compared with 237 similar organizations (United States, Education, $100M and over in expenses), FY 2025.

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	72.2%	87.7%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	27.8%	10.5%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	1.3%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	733.6 mo	20.9 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	1.1%	26.1%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	99.8%	82.9%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	55.1%	6.6%	P10P90
Expense growth Year over year expense growth	3.0%	4.7%	P10P90
Surplus margin Surplus as a share of revenue	69.8%	3.6%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$1262.6M	$381.2M	$23307.1M	72.2%	2650
2024	$814.0M	$370.1M	$23109.5M	75.6%	2434
2023	$888.2M	$369.0M	$24026.7M	75.3%	2250
2022	$1457.7M	$309.2M	$23252.6M	78.2%	2044
2021	$1017.0M	$303.8M	N/A	—	2023

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Organization Details

EIN: 23-1353340
State: PA
City: HERSHEY
ZIP: 17033-0830
Classification: B200
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1909
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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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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