Education (B420) IRS Verified DX Registered 990 on File

PRESIDENT AND TRUSTEES OF BATES COLLEGE

EIN: 01-0211781 · LEWISTON, ME 04240-0000 · United States · FY 2023 Data

3 out of 5 55 / 100 Based on 2+ years of filings

Financial strength (30%) 72/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Since 1855, Bates College has been dedicated to the emancipating potential of the liberal arts. Bates educates the whole person through creative and rigorous scholarship in a collaborative residential community. With ardor and devotion — Amore ac Studio — we engage the transformative power of our differences, cultivating intellectual discovery and informed civic action. Preparing leaders sustained by a love of learning and a commitment to responsible stewardship of the wider world, Bates is a college for coming times.

Financial Overview — FY 2023

$192.1M

Total Revenue

$179.5M

Total Expenses

$671.7M

Net Assets

2326

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 86.1%

Fundraising Efficiency 11979.2%

Operating Reserve 44.91x

Liability-to-Asset 23.7%

Revenue Diversification 74.6%

Executive Compensation $3.0M

Compared with Peers

FY 2023

Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	86.1%	87.4%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	10.6%	10.5%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	3.3%	1.3%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	11979.2%	4415.8%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	44.9 mo	20.3 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	23.7%	27.0%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	74.6%	84.6%	P10P90	Above median
Revenue growth Year over year revenue growth	-3.0%	-2.0%	P10P90
Expense growth Year over year expense growth	4.1%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	6.6%	1.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$192.1M	$179.5M	$671.7M	86.1%	2326
2022	$198.0M	$172.5M	$653.9M	87.0%	2119
2021	$194.0M	$162.3M	N/A	—	2125

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Organization Details

EIN: 01-0211781
State: ME
City: LEWISTON
ZIP: 04240-0000
Classification: B420
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1855
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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