President and Trustees of Bates College

Analysis

President and Trustees of Bates College is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in April 1993, 33 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 and Trustees of Bates College reported income of $192.1m and spending of $179.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $184.5m to $192.1m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, President and Trustees of Bates 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 Hult International Business School Inc ($191.3m), Challenger School Foundation ($192.1m) and University of Oregon Foundation ($191.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $3.0m (1.7% of expenses). Other salaries and wages came to $63.8m. At year end it held assets of $880.5m against liabilities of $208.8m, net assets of $671.7m. It reported 2,326 employees.