Wellesley College
Wellesley College reported $486.7 million in revenue and $374.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $77.15 went to program services, $20.30 to management and general costs and $2.55 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 42.3% of the total. The highest compensation it reported for one person was $1,863,837 (Chief Investment Officer). 382 people received more than $100,000 in reportable compensation. Revenue rose 42% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $374MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $487MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 20.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 42.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,863,837 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.50% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 382 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 116.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 33 of 34 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseOutstanding education: Wellesley College is committed to ensuring that our excellent liberal arts curriculum is both intellectually and culturally broad to prepare our graduates for their lives after college. Wellesley offers more than 50 departmental and interdepartmental majors to approximately 2,300 students. The average class size is 17 to 20 students with a 7:1 student- faculty ratio
Wellelsey college has a long tradition of need-blind admission for U.S. Citizens and permanent residents, making admission decisions without regard to a family's financial situation. Through its financial aid program, the college meets 100 percent of a student's demonstrated financial need. Resources dedicated to the financial aid program ensure that wellesley is successful in recruiting and enrolling a strong and diverse student body with continued attention to issues of funding and affordability. Approximately 60% of the student body receives financial aid
Sponsored research: wellesley prides itself on its commitment to supporting the teacher-scholar ideal, enabling our gifted faculty members to integrate their love of teaching and working closely with students with their pursuit of the advancement of knowledge through their world-class research
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Chief Investment Officer Officer, 60.0 hrs/week | $1,797,310 | $0 | $66,527 | $1,863,837 |
| President Director/trustee, officer, 70.0 hrs/week | $1,201,442 | $0 | $162,773 | $1,364,215 |
| Deputy CIO Highest compensated employee, 60.0 hrs/week | $1,026,440 | $0 | $174,080 | $1,200,520 |
| Chief Operating Officer Highest compensated employee, 60.0 hrs/week | $957,910 | $0 | $70,057 | $1,027,967 |
| Investment Director Highest compensated employee, 60.0 hrs/week | $508,384 | $0 | $81,343 | $589,727 |
| VP for Fin. & Admin. & Treas. Officer, 60.0 hrs/week | $476,000 | $0 | $48,070 | $524,070 |
| General Counsel Highest compensated employee, 60.0 hrs/week | $441,570 | $0 | $69,251 | $510,821 |
| Investment Director Highest compensated employee, 60.0 hrs/week | $404,265 | $0 | $93,490 | $497,755 |
382 people received more than $100,000 in reportable compensation from Wellesley College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b34 · 33 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 53,003
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Turner Construction Company Construction | $57,381,279 |
| Dellbrook Construction LLC Construction | $18,424,586 |
| Walsh Brothers Incorporated Construction | $11,599,994 |
| Suffolk Construction Company Inc Construction | $9,049,251 |
| Bowdoin Construction Construction | $6,678,317 |
Individuals listed as contractors are left out. 145 contractors were paid more than $100,000 in all.
Private foundation grants it received
189 private foundations reported grants to Wellesley College totaling $14M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Wellesley College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wellesley College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Wellesley College spent in FY2025, $77.15 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Corporation of Mercer UniversityMacon, GA · revenue $485M · programs 95.5% · FY2025
- Colgate UniversityHamilton, NY · revenue $491M · programs 87.3% · FY2025
- California Baptist UniversityRiverside, CA · revenue $483M · programs 86.7% · FY2025
- Long Island UniversityBrookville, NY · revenue $491M · programs 90.0% · FY2025
- KIPP TexasHouston, TX · revenue $479M · programs 91.9% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of Wellesley College's spending goes to programs?
In the fiscal year ending June 30, 2025, Wellesley College reported that 77.2% of its $374.3 million in expenses went to program services, 20.3% to management and general and 2.5% to fundraising (Form 990, Part IX).
How much does Wellesley College pay its top executive?
The largest total compensation Wellesley College reported for one person in the fiscal year ending June 30, 2025 was $1,863,837, for the role of Chief Investment Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Wellesley College get its money?
Of $486.7 million in revenue in the fiscal year ending June 30, 2025, 20.3% came from contributions and grants (including 1.0% from government grants) and 42.3% from program service revenue (Form 990, Part VIII).
Is Wellesley College a registered charity?
The IRS lists EIN 04-2103637 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349304805 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349304996 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349302624 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349311153 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349307788 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101359349301585 · read the filing
All filings for EIN 04-2103637: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.