Boston College Trustees

Analysis

Boston College Trustees is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in December 1982, 44 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 May 2023, Boston College Trustees reported income of $1.34bn and spending of $1.29bn, spending 96% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.20bn to $1.34bn (+12%), an average of +2.9% a year. The sharpest change came in the year to May 2021, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boston College Trustees 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 Trustees of Tufts College ($1.34bn), Southern New Hampshire University ($1.37bn) and City University Construction Fund ($1.31bn).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $7.5m (0.6% of expenses). Other salaries and wages came to $471.6m. At year end it held assets of $6.51bn against liabilities of $1.80bn, net assets of $4.71bn. It reported 12,431 employees.