President & Trustees of Colby College

Analysis

President & Trustees of Colby College is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in April 1944, 82 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, President & Trustees of Colby College reported income of $287.5m and spending of $284.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $285.0m to $287.5m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, President & Trustees of Colby College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within ME. Charities of a similar size with the same main cause include Brock University ($286.9m), Wesleyan University ($289.4m) and Trustees of Mount Holyoke College ($283.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $6.8m (2.4% of expenses). Other salaries and wages came to $73.7m. At year end it held assets of $2.24bn against liabilities of $411.3m, net assets of $1.83bn. It reported 2,915 employees.