Colby-Sawyer College

Analysis

Colby-Sawyer College is a registered charity in United States, based in New London, NH. It received its IRS tax-exemption ruling in June 1941, 85 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, Colby-Sawyer College reported income of $69.1m and spending of $63.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.4m to $69.1m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. 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, Colby-Sawyer College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NH. Charities of a similar size with the same main cause include North Dakota State University Foundation ($69.0m), Goal Academy ($69.1m) and Bank Street College of Education ($68.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $549k (0.9% of expenses). Other salaries and wages came to $14.7m. It paid $76k in professional fundraising fees. At year end it held assets of $135.0m against liabilities of $31.4m, net assets of $103.6m. It reported 786 employees.