Babson College

Analysis

Babson College is a registered charity in United States, based in Wellesley HLS, MA. It received its IRS tax-exemption ruling in October 1923, 103 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, Babson College reported income of $344.0m and spending of $305.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $280.7m to $344.0m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Babson 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 MA. Charities of a similar size with the same main cause include Oberlin College ($344.0m), University of New Haven ($344.7m) and Johnson & Wales University ($342.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $2.8m (0.9% of expenses). Other salaries and wages came to $107.3m. At year end it held assets of $1.12bn against liabilities of $249.3m, net assets of $866.8m. It reported 2,266 employees.