Bowdoin College

Analysis

Bowdoin College is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in June 1935, 91 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, Bowdoin College reported income of $355.2m and spending of $275.4m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $283.0m to $355.2m (+26%), an average of +5.8% a year. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bowdoin 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 Ohio State University Foundation ($353.8m), University of Virginia Investment Management Company ($355.3m) and New York Institute of Technology ($352.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $7.0m (2.5% of expenses). Other salaries and wages came to $93.8m. At year end it held assets of $3.05bn against liabilities of $429.8m, net assets of $2.62bn. It reported 3,012 employees.