Wellesley College

Analysis

Wellesley College is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in April 1946, 80 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, Wellesley College reported income of $385.6m and spending of $340.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $357.5m to $385.6m (+7.9%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wellesley 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 Yeshiva University ($382.4m), Catholic University of America ($388.3m) and Trustees of Amherst College ($379.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $3.8m (1.1% of expenses). Other salaries and wages came to $107.3m. At year end it held assets of $3.76bn against liabilities of $610.1m, net assets of $3.15bn. It reported 2,946 employees.