The Trustees of Grinnell College

Analysis

The Trustees of Grinnell College is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in January 1953, 73 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, The Trustees of Grinnell College reported income of $364.4m and spending of $236.8m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $267.2m to $364.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Trustees of Grinnell 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 IA. Charities of a similar size with the same main cause include Art Institute of Chicago ($359.5m), Illinois Institute of Technology ($364.5m) and Ithaca College ($358.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $3.6m (1.5% of expenses). Other salaries and wages came to $65.2m. It paid $14k in professional fundraising fees. At year end it held assets of $3.02bn against liabilities of $278.8m, net assets of $2.74bn. It reported 2,514 employees.