Nichols College

Analysis

Nichols College is a registered charity in United States, based in Dudley, MA. It received its IRS tax-exemption ruling in January 1943, 83 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, Nichols College reported income of $60.7m and spending of $63.8m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $62.5m to $60.7m (-2.8%), an average of -0.7% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nichols College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include University of Nevada Las Vegas Foundation ($60.6m), American Library Association ($60.8m) and D C Preparatory Academy ($60.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $838k (1.3% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $118.3m against liabilities of $31.0m, net assets of $87.3m. It reported 746 employees.