President & Trustees Of Colby College
Colby College maintains robust financial health with significant asset growth and balanced operational budgets.
EIN: 10211497 · Waterville, ME · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $526.2M |
| Total Expenses | $284.6M |
| Program Spending | 80% |
| Net Assets | $1.8B |
| Transparency Score | 85/100 |
Is President & Trustees Of Colby College Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
President & Trustees Of Colby College directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About President & Trustees Of Colby College
President & Trustees Of Colby College (EIN: 10211497) is a nonprofit organization based in Waterville, ME, classified under NTEE code B420. The organization reported total revenue of $526.2M and total assets of $2.4B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of President & Trustees Of Colby College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
President & Trustees Of Colby College is a major nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $287.5M |
| Total Expenses | $284.6M |
| Surplus / Deficit | +$2.9M |
| Total Assets | $2.2B |
| Total Liabilities | $411.3M |
| Net Assets | $1.8B |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 94.6 months |
Financial Health Grade: A
In 2023, President & Trustees Of Colby College reported a surplus of $2.9M with revenue exceeding expenses, holds 94.6 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), President & Trustees Of Colby College's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.7% | +9.4% | -0.2% |
| 2022 | +39.0% | +12.9% | +0.3% |
| 2021 | -0.8% | +8.6% | +20.8% |
| 2020 | +2.6% | +0.7% | +1.8% |
| 2019 | -29.1% | +4.9% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1944 |
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 President & Trustees Of Colby College with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, President & Trustees Of Colby College allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.3%.
Executive Compensation Analysis
The provided data consistently reports 0% for 'Officer Comp' across all filing periods, suggesting that executive compensation is either not categorized under this specific line item or is minimal relative to overall expenses, indicating a high level of transparency for this metric.
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.
Strengths
The following positive indicators were identified for President & Trustees Of Colby College:
- Consistent revenue growth, with latest revenue at $526,162,000 and a strong trend over the past decade.
- Substantial and growing asset base, reaching $2,364,066,000, indicating strong financial stewardship and endowment management.
- Positive net income in most recent periods (e.g., $287,466,000 revenue vs. $284,605,000 expenses in 202306), demonstrating operational sustainability.
- High transparency regarding 'Officer Comp' reported as 0% across all filings.
- Significant financial capacity to support its educational mission, as evidenced by its large and growing assets.
Frequently Asked Questions about President & Trustees Of Colby College
Is President & Trustees Of Colby College a legitimate charity?
Based on AI analysis of IRS 990 filings, President & Trustees Of Colby College (EIN: 10211497) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does President & Trustees Of Colby College spend its money?
President & Trustees Of Colby College directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to President & Trustees Of Colby College tax-deductible?
President & Trustees Of Colby College is registered as a tax-exempt nonprofit (EIN: 10211497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of President & Trustees Of Colby College's spending goes to programs?
President & Trustees Of Colby College directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does President & Trustees Of Colby College compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), President & Trustees Of Colby College is above average for NTEE category B420 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is President & Trustees Of Colby College located?
President & Trustees Of Colby College is headquartered in Waterville, Maine and files with the IRS under EIN 10211497. It is classified under NTEE code B420.
How many years of IRS 990 filings does President & Trustees Of Colby College have?
President & Trustees Of Colby College has 13 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 $526.2M in total revenue.
How does Colby College allocate its substantial endowment to support its educational mission?
With assets growing from $1,267,797,000 in 201406 to $2,244,685,000 in 202306, understanding the specific investment and spending policies related to this endowment would provide insight into its direct impact on educational programs and student support.
What are the specific breakdowns of program, administrative, and fundraising expenses?
While overall revenues and expenses are provided, a detailed breakdown of how the $284,605,000 in expenses for 202306 is distributed among programs, administration, and fundraising would offer a clearer picture of spending efficiency and mission focus.
What is the nature of the 'Officer Comp=0%' reporting across all filings?
It would be beneficial to understand if this indicates that officers receive no compensation, or if their compensation is reported under a different expense category, to fully assess executive compensation practices.
Filing History
IRS 990 filing history for President & Trustees Of Colby College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), President & Trustees Of Colby College's revenue has grown by 81.9%, moving from $158.0M to $287.5M. Total assets increased by 113.7% over the same period, from $1.1B to $2.2B. Total functional expenses rose by 108.9%, from $136.2M to $284.6M. In its most recent filing year (2023), President & Trustees Of Colby College reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $411.3M in liabilities against $2.2B in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $1.8B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $287.5M | $284.6M | $2.2B | $411.3M | — | — |
| 2022 | $403.3M | $260.1M | $2.2B | $409.3M | — | View 990 |
| 2021 | $290.1M | $230.4M | $2.2B | $311.5M | — | View 990 |
| 2020 | $292.4M | $212.3M | $1.9B | $314.4M | — | View 990 |
| 2019 | $285.0M | $210.9M | $1.8B | $324.9M | — | View 990 |
| 2018 | $401.8M | $201.0M | $1.7B | $282.8M | — | View 990 |
| 2017 | $259.6M | $186.7M | $1.5B | $282.4M | — | View 990 |
| 2016 | $204.2M | $176.4M | $1.3B | $278.3M | — | View 990 |
| 2015 | $214.1M | $163.9M | $1.4B | $282.0M | — | View 990 |
| 2014 | $205.7M | $149.9M | $1.3B | $175.7M | — | View 990 |
| 2013 | $175.9M | $145.8M | $1.1B | $155.0M | — | View 990 |
| 2012 | $158.2M | $138.9M | $1.1B | $154.4M | — | View 990 |
| 2011 | $158.0M | $136.2M | $1.1B | $131.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $287.5M, expenses of $284.6M, and assets of $2.2B (revenue -28.7% year-over-year).
- 2022: Revenue of $403.3M, expenses of $260.1M, and assets of $2.2B (revenue +39.0% year-over-year).
- 2021: Revenue of $290.1M, expenses of $230.4M, and assets of $2.2B (revenue -0.8% year-over-year).
- 2020: Revenue of $292.4M, expenses of $212.3M, and assets of $1.9B (revenue +2.6% year-over-year).
- 2019: Revenue of $285.0M, expenses of $210.9M, and assets of $1.8B (revenue -29.1% year-over-year).
- 2018: Revenue of $401.8M, expenses of $201.0M, and assets of $1.7B (revenue +54.7% year-over-year).
- 2017: Revenue of $259.6M, expenses of $186.7M, and assets of $1.5B (revenue +27.2% year-over-year).
- 2016: Revenue of $204.2M, expenses of $176.4M, and assets of $1.3B (revenue -4.6% year-over-year).
- 2015: Revenue of $214.1M, expenses of $163.9M, and assets of $1.4B (revenue +4.1% year-over-year).
- 2014: Revenue of $205.7M, expenses of $149.9M, and assets of $1.3B (revenue +17.0% year-over-year).
- 2013: Revenue of $175.9M, expenses of $145.8M, and assets of $1.1B (revenue +11.2% year-over-year).
- 2012: Revenue of $158.2M, expenses of $138.9M, and assets of $1.1B (revenue +0.1% year-over-year).
- 2011: Revenue of $158.0M, expenses of $136.2M, and assets of $1.1B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for President & Trustees Of Colby College:
Data Sources and Methodology
This transparency report for President & Trustees Of Colby College 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.