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Education · 2023 Form 990

The Trustees Of Grinnell College: $364.4M Revenue, $236.8M Expenses

Grinnell, Iowa · EIN 420680387 · Filing year 2023

The Trustees Of Grinnell College reported $364.4M in total revenue, $236.8M in total expenses, and $3.0B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $3.6M (0.98% of revenue). NonprofitTruth efficiency grade: C (57/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
57/100

Key Facts (2023 Form 990)

Total Revenue
$364.4M
Total Expenses
$236.8M
Total Assets
$3.0B
Reserve Months
153.2 months
Surplus / (Deficit)
$127.6M
EIN
420680387
Latest 990 Year
2023
Current-Officer Compensation
$3.6M
Officer Comp % of Revenue
0.98%

The Trustees Of Grinnell College earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 57/100.

Annual revenue at The Trustees Of Grinnell College runs $364.4M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Reserves are the limiting factor: The Trustees Of Grinnell 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 grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. The Trustees Of Grinnell College reported $364.4M in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: The Trustees Of Grinnell College reports $3.6M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $364.4M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, The Trustees Of Grinnell 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.


$364.4M
Revenue
$236.8M
Expenses
$3.0B
Total Assets
$3.6M
Officer Compensation

How The Trustees Of Grinnell College Compares

The Trustees Of Grinnell College earns a NonprofitTruth efficiency grade of C (57/100). That is 7 points below the Education category average. Compensation for current officers and key employees represents 0.98% of total revenue. The organization holds 153.2 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$236.8M
Total Expenses
Filing year 2023
$3.6M
Officer Compensation
0.98% of revenue
153.2 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, The Trustees Of Grinnell College reported $364.4M in revenue against $236.8M in total functional expenses for filing year 2023, holding roughly 153.2 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $3.6M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 0.98% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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The Trustees Of Grinnell College has a NonprofitTruth Efficiency Score of C (57/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

The Trustees Of Grinnell College, Donor FAQ

The Trustees Of Grinnell College has a NonprofitTruth Efficiency Score of C (57/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

The Trustees Of Grinnell College reports $3.6M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 0.98% of the organization's $364.4M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

The Trustees Of Grinnell College reported $364.4M in annual revenue and $236.8M in total expenses for filing year 2023. The organization holds $3.0B in total assets.

The Trustees Of Grinnell College holds approximately 153.2 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

The Trustees Of Grinnell College is a registered 501(c) organization with EIN 420680387, based in Grinnell, Iowa. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.