College Board

Analysis

College Board is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, College Board reported income of $1.02bn and spending of $973.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.11bn to $1.02bn (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Board 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 NY. Charities of a similar size with the same main cause include Fordham University ($1.02bn), Ohio State University Physicians Inc ($1.03bn) and Idea Public Schools ($1.00bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $9.3m (1.0% of expenses). Other salaries and wages came to $259.5m. At year end it held assets of $2.18bn against liabilities of $449.1m, net assets of $1.74bn. It reported 1,946 employees.