Bowdoin College: $355.2M Revenue, $214.8M Program Expenses

The efficiency rubric puts Bowdoin College at a B grade: a composite of 68/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.

Annual revenue at Bowdoin College runs $355.2M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Bowdoin College directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Bowdoin College reported $355.2M in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Bowdoin College sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.