College Board
College Board maintains strong financial health with over $1 billion in annual revenue and growing assets.
EIN: 131623965 · New York, NY · NTEE: B900 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5B |
| Total Expenses | $973.7M |
| Program Spending | 80% |
| Net Assets | $1.7B |
| Transparency Score | 75/100 |
Is College Board Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
College Board directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About College Board
College Board (EIN: 131623965) is a nonprofit organization based in New York, NY, classified under NTEE code B900. The organization reported total revenue of $1.5B and total assets of $2.4B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of College Board's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
College Board is a major nonprofit that has been operating for 84 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0B |
| Total Expenses | $973.7M |
| Surplus / Deficit | +$45.4M |
| Total Assets | $2.2B |
| Total Liabilities | $449.1M |
| Net Assets | $1.7B |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 26.9 months |
Financial Health Grade: A
In 2023, College Board reported a surplus of $45.4M with revenue exceeding expenses, holds 26.9 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), College Board's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.0% | +8.9% | +8.5% |
| 2022 | +5.8% | +2.7% | +3.0% |
| 2021 | +26.1% | +1.0% | +16.0% |
| 2020 | -29.6% | -17.8% | +7.4% |
| 2019 | +3.2% | +7.1% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates College Board with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, College Board allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $45.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests that executive compensation is either not paid to individuals classified as 'officers' in a way that triggers this specific disclosure, or it is reported under other expense categories. This makes it difficult to assess executive compensation relative to the organization's size and mission directly from this data point.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of College Board's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in summary data
- Consistent 0% officer compensation reported, which may obscure actual executive pay if reported elsewhere
Strengths
The following positive indicators were identified for College Board:
- Strong and consistent revenue generation, exceeding $1 billion annually in recent years
- Significant and steady growth in assets, more than doubling over the past decade to over $2.1 billion
- Consistent operating surpluses, indicating sound financial management (e.g., $45.4 million surplus in 2023)
- Well-managed liabilities relative to assets, maintaining a healthy balance sheet
- Large scale and long-standing operational history, indicating organizational resilience
Frequently Asked Questions about College Board
Is College Board a legitimate charity?
Based on AI analysis of IRS 990 filings, College Board (EIN: 131623965) some concerns. Mission Score: 75/100. 2 red flags identified, 5 strengths noted.
How does College Board spend its money?
College Board directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to College Board tax-deductible?
College Board is registered as a tax-exempt nonprofit (EIN: 131623965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of College Board's spending goes to programs?
College Board directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does College Board compare to similar nonprofits?
With a transparency score of 75/100 (Good), College Board is above average for NTEE category B900 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is College Board located?
College Board is headquartered in New York, New York and files with the IRS under EIN 131623965. It is classified under NTEE code B900.
How many years of IRS 990 filings does College Board have?
College Board has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5B in total revenue.
How does College Board's program spending compare to its administrative and fundraising costs?
Based on the provided data, a precise breakdown of program, administrative, and fundraising costs is not available. However, the organization consistently generates an operating surplus, with expenses generally below revenue (e.g., $973,652,927 expenses vs. $1,019,073,270 revenue in 2023), suggesting efficient overall management. Further detail from the full 990 would be needed for a precise ratio.
What is the trend in College Board's net assets over the past decade?
The College Board has shown significant growth in net assets over the past decade. Assets increased from $996,702,001 in 2014 to $2,184,378,917 in 2023, more than doubling in value. This indicates strong financial growth and accumulation of reserves.
Is the College Board financially stable?
Yes, the College Board appears financially stable. It consistently generates over $1 billion in annual revenue (e.g., $1,019,073,270 in 2023), maintains a substantial and growing asset base ($2,184,378,917 in 2023), and manages its liabilities effectively, with a healthy operating surplus in most years.
Filing History
IRS 990 filing history for College Board showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), College Board's revenue has grown by 41.4%, moving from $720.7M to $1.0B. Total assets increased by 196.8% over the same period, from $736.0M to $2.2B. Total functional expenses rose by 50%, from $649.0M to $973.7M. In its most recent filing year (2023), College Board reported a surplus of $45.4M, with revenue exceeding expenses. The organization holds $449.1M in liabilities against $2.2B in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $1.7B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0B | $973.7M | $2.2B | $449.1M | — | View 990 |
| 2022 | $1.0B | $894.4M | $2.0B | $457.5M | — | View 990 |
| 2021 | $983.2M | $870.8M | $2.0B | $286.8M | — | View 990 |
| 2020 | $779.6M | $862.4M | $1.7B | $294.9M | — | View 990 |
| 2019 | $1.1B | $1.0B | $1.6B | $276.1M | — | View 990 |
| 2018 | $1.1B | $979.5M | $1.4B | $265.0M | — | View 990 |
| 2017 | $1.1B | $927.8M | $1.3B | $248.8M | — | View 990 |
| 2016 | $942.6M | $905.1M | $1.1B | $246.5M | — | View 990 |
| 2015 | $915.8M | $838.4M | $1.1B | $253.4M | — | View 990 |
| 2014 | $315.2M | $356.8M | $996.7M | $201.1M | — | View 990 |
| 2014 | $840.7M | $741.8M | $1.1B | $202.7M | — | View 990 |
| 2013 | $795.8M | $740.6M | $856.0M | $156.9M | — | View 990 |
| 2012 | $759.0M | $713.8M | $766.9M | $157.6M | — | View 990 |
| 2011 | $720.7M | $649.0M | $736.0M | $145.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0B, expenses of $973.7M, and assets of $2.2B (revenue -2.0% year-over-year).
- 2022: Revenue of $1.0B, expenses of $894.4M, and assets of $2.0B (revenue +5.8% year-over-year).
- 2021: Revenue of $983.2M, expenses of $870.8M, and assets of $2.0B (revenue +26.1% year-over-year).
- 2020: Revenue of $779.6M, expenses of $862.4M, and assets of $1.7B (revenue -29.6% year-over-year).
- 2019: Revenue of $1.1B, expenses of $1.0B, and assets of $1.6B (revenue +3.2% year-over-year).
- 2018: Revenue of $1.1B, expenses of $979.5M, and assets of $1.4B (revenue +0.6% year-over-year).
- 2017: Revenue of $1.1B, expenses of $927.8M, and assets of $1.3B (revenue +13.3% year-over-year).
- 2016: Revenue of $942.6M, expenses of $905.1M, and assets of $1.1B (revenue +2.9% year-over-year).
- 2015: Revenue of $915.8M, expenses of $838.4M, and assets of $1.1B (revenue +190.6% year-over-year).
- 2014: Revenue of $315.2M, expenses of $356.8M, and assets of $996.7M (revenue -62.5% year-over-year).
- 2014: Revenue of $840.7M, expenses of $741.8M, and assets of $1.1B (revenue +5.6% year-over-year).
- 2013: Revenue of $795.8M, expenses of $740.6M, and assets of $856.0M (revenue +4.9% year-over-year).
- 2012: Revenue of $759.0M, expenses of $713.8M, and assets of $766.9M (revenue +5.3% year-over-year).
- 2011: Revenue of $720.7M, expenses of $649.0M, and assets of $736.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for College Board:
Data Sources and Methodology
This transparency report for College Board is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.