Trustees of Tufts College

Analysis

Trustees of Tufts College is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in September 1932, 94 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, Trustees of Tufts College reported income of $1.34bn and spending of $1.32bn, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.23bn to $1.34bn (+8.5%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of Tufts 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 City University Construction Fund ($1.31bn), Boston College Trustees ($1.34bn) and Universite de Montreal Succursale a Quebec ($1.30bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $10.3m (0.8% of expenses). Other salaries and wages came to $533.2m. It paid $1.8m in professional fundraising fees. At year end it held assets of $4.59bn against liabilities of $1.26bn, net assets of $3.33bn. It reported 13,151 employees.