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Education · 2023 Form 990

Wellesley College: $385.6M Revenue, $265.8M Program Expenses

Wellesley, Massachusetts · EIN 042103637 · Filing year 2023

Wellesley College reported $385.6M in total revenue, $340.7M in total expenses, and $3.8B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($265.8M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (63/100).

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

C
Efficiency Score
63/100

Key Facts (2023 Form 990)

Total Revenue
$385.6M
Total Expenses
$340.7M
Program Expenses
$265.8M
Program Expense Ratio
78.0%
Total Assets
$3.8B
Reserve Months
132.3 months
EIN
042103637
Latest 990 Year
2023
Top Officer Compensation
Not reported

Wellesley College earns a C on the efficiency rubric — the median bucket on the LakeQuality scale, indicating performance close to the national midpoint across program spending, executive compensation, and financial reserves. Composite score: 63/100.

Annual revenue at Wellesley College runs $385.6M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Wellesley College directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Five-year revenue has grown modestly. Wellesley College is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. 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, Wellesley 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.


$385.6M
Revenue
$340.7M
Expenses
$3.8B
Total Assets
78.0%
Program Spending

How Wellesley College Compares

Wellesley College directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 63/100 is 11 points below the Education category average. The organization holds 132.3 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$265.8M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
132.3 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Wellesley College, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Wellesley College has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Wellesley College, Donor FAQ

Wellesley College has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Wellesley College is not reported in the most recent IRS 990 filing on file.

Wellesley College reported $385.6M in annual revenue and $340.7M in total expenses for filing year 2023. The organization holds $3.8B in total assets.

For every dollar donated to Wellesley College, approximately 78.0 cents goes to program activities. The organization has 132.3 months of operating reserves, providing financial stability to sustain its mission.

Wellesley College is a registered 501(c) organization with EIN 042103637, based in Wellesley, Massachusetts. 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 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.