Macalester College: $186.4M Revenue, $207.5M Expenses

Macalester College pulls a D on the efficiency rubric. The composite of 40/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

Macalester College is a large nonprofit by U.S. standards: $186.4M in 2023 revenue against $207.5M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Reserves are the limiting factor: Macalester College carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue has been roughly stable over the five-year filing window. The pattern is normal for established organizations operating in a mature program area. Officer compensation is modest relative to organizational size: Macalester College reports $3.4M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $186.4M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Macalester 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 figures should be read.