Dean College

Analysis

Dean College is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in September 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 May 2023, Dean College reported income of $71.4m and spending of $76.0m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $69.2m to $71.4m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to May 2022, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dean 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 MA. Charities of a similar size with the same main cause include Victoria University ($71.4m), Packer Collegiate Institute ($71.5m) and Crossroads School for Arts and Sciences ($70.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (1.6% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $113.9m against liabilities of $48.9m, net assets of $65.0m. It reported 686 employees.