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Arkansas · Nonprofit

HENDRIX COLLEGE

HENDRIX COLLEGE (Arkansas) receives grants from 68 organizations whose IRS filings report $27,497,351 to it, the largest being WINDGATE CHARITABLE FOUNDATION INC ($14,778,698). 40 of them have funded it in more than one year.

Revenue FY2025
$88M
Funders on record
68
Grants received
$27M
Net assets
$222M
40/68 repeat funderspeak grant-dependency 10%
01What it does

What Hendrix College does

Mission

Hendrix College cultivates empathy, creativity, self-understanding, rigorous inquiry, informed deliberation, and active learning across the liberal arts, toward the development of the whole person. Through engagement that links the classroom with the world, and a commitment to diversity, inclusion, justice, and sustainable living, the Hendrix community inspires students to lead lives of accomplishment, integrity, service, and joy.

As stated on its FY2025 Form 990.

Programs

  1. Instruction (1096 Students)

    $13,958,431 spent
    25% of program spending
  2. Student Aid (1096 Students)

    $30,614,471 spent
    54% of program spending
  3. Student Services (1096 Students)

    $12,378,655 spent
    22% of program spending
  4. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $56,951,557.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($82M) Expenses 100 ($90M) Net assets 100 ($197M)2018 Revenue 123 ($101M) Expenses 98 ($89M) Net assets 106 ($209M)2019 Revenue 115 ($94M) Expenses 101 ($91M) Net assets 97 ($190M)2020 Revenue 97 ($79M) Expenses 93 ($84M) Net assets 89 ($176M)2021 Revenue 109 ($89M) Expenses 97 ($88M) Net assets 112 ($220M)2022 Revenue 120 ($98M) Expenses 97 ($88M) Net assets 108 ($212M)2023 Revenue 119 ($97M) Expenses 93 ($84M) Net assets 102 ($200M)2024 Revenue 109 ($89M) Expenses 92 ($84M) Net assets 107 ($211M)2025 Revenue 107 ($88M) Expenses 85 ($77M) Net assets 113 ($222M)
'17'18'19'20'21'22'23'24'25
Revenue (107)Expenses (85)Net assets (113)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $296M to $336M (+14%).

$303M
$322M
$305M
$296M
$336M
$318M
$300M
$309M
$314M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 2% · 2018 2% · 2019 2% · 2020 3% · 2021 4% · 2022 14% · 2023 1% · 2024 1% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.

20% of HENDRIX COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

−$8.5M
’17
$12M
’18
$3.2M
’19
−$4.9M
’20
$1.5M
’21
$11M
’22
$13M
’23
$5.7M
’24
$11M
’25
0.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed504942413840394040
Joined·+18+1+9+0+5+3+2+7
No longer listed·1981033417
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 18 funders to 28 funders, grant income rose $340k → $1.1M.

16 of 68 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $11M from one payer (the payer shares this organization's board, largest Hendrix-Murphy Foundation Inc). These are real filings, and they are not money HENDRIX COLLEGE raised.

From the IRS filings of HENDRIX COLLEGE’s funders (the co-funder graph). Top 30 of 68 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HENDRIX COLLEGE leans on a few funders — its largest provides 54% of grant income and the top three 72%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

54%
largest funder
72%
top three
~3
effective funders

Largest funder’s share by year: 2017 28% · 2018 29% · 2019 53% · 2020 22% · 2021 47% · 2022 70% · 2023 39% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

58% of HENDRIX COLLEGE's funders are still giving 3 years after their first grant; 59% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

72% of HENDRIX COLLEGE's grant income comes from Arkansas funders.

ID
IL
WI
MI
NY
MA
IA
IN
OH
NJ
CT
MO
KS
AR
NC
DC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Arkansas out of state home

Funder states come from each funder’s own filing. $4.2M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

HENDRIX COLLEGE runs a healthier operating margin than half of the 3,794 education nonprofits its size.

Operating margin12% · above the median
Months of reserve0.4mo · bottom quartile
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Government funding HENDRIX COLLEGE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $10.1M on record.

Federal$10.1M
grants $10.1Mcontracts $0
17
18
20
21
23
24
25
Top agencies
  • Department of Education$5.8M
  • National Science Foundation$4.3M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like HENDRIX COLLEGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Arkansas

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

74% of spending goes to programs.

Program 74%Management 25%Fundraising 1%

Governance

33
board members
97%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 5 related entities

  • The Village at Hendrix LLC · disregarded
  • Hendrix Murphy Foundation · exempt
  • Warrior Booster Club · exempt
  • TVH Rowhouses · partnership
  • Mckennon Properties LLC · partnership

Screen this organization

A dated, signed PDF of the compliance screen for HENDRIX COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HENDRIX COLLEGE?
HENDRIX COLLEGE (Arkansas) receives grants from 68 organizations whose IRS filings report $27,497,351 to it, the largest being WINDGATE CHARITABLE FOUNDATION INC ($14,778,698). 40 of them have funded it in more than one year.
How many funders does HENDRIX COLLEGE have?
IRS filings report 68 organizations giving $27,497,351 in grants to HENDRIX COLLEGE, 40 of which have funded it in more than one year.
Who is the largest funder of HENDRIX COLLEGE?
WINDGATE CHARITABLE FOUNDATION INC is the largest funder on record, with $14,778,698 in grants. The full list of funders is on this page.
How can an organization like HENDRIX COLLEGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Arkansas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Hendrix College →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 68 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing