Trustees of Dartmouth College
7 Lebanon St Ste 302 # 6015, Hanover, NH · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $2,261,775,916 | $1,618,788,716 | $11,357,805,177 |
| FY2024 | $1,704,785,821 | $1,467,110,348 | $10,371,449,460 |
| FY2023 | $1,603,346,438 | $1,411,739,475 | $9,956,110,657 |
| FY2022 | $1,952,191,796 | $1,200,813,658 | $9,769,064,539 |
| FY2021 | $1,850,561,594 | $1,082,709,165 | $10,020,653,538 |
| FY2020 | $1,581,351,409 | $1,090,847,157 | $7,168,551,656 |
| FY2019 | $1,444,207,354 | $1,128,294,790 | $6,757,181,252 |
| FY2018 | $1,435,522,287 | $1,091,419,805 | $6,443,300,317 |
| FY2017 | $1,268,341,777 | $1,107,782,229 | $5,703,928,934 |
| FY2016 | $1,196,784,087 | $1,191,229,177 | $5,013,305,216 |
| FY2015 | $1,394,170,409 | $1,074,708,355 | $5,314,318,731 |
| FY2014 | $1,310,504,806 | $1,038,584,402 | $5,076,995,293 |
| FY2013 | $1,193,865,978 | $1,021,821,753 | $4,397,327,993 |
| FY2012 | $967,704,645 | $938,595,280 | $4,001,585,152 |
Form 990 filings
The returns filed by Trustees of Dartmouth College (EIN 02-0222111), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $661,547,361 | 29% |
| Program service revenue | $700,565,519 | 31% |
| Other revenue | $899,663,036 | 40% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,385,286,038 | 86% |
| Management & general | $176,106,046 | 11% |
| Fundraising | $57,396,632 | 4% |
What the numbers show
- Other revenue made up 40% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 11%, and fundraising 4%.
- 86% of functional expenses went to program services in FY2025. That is higher than 78.3% of 23 Education organizations in NH.
- Net assets covered about 84.2 months of expenses at the end of the reporting year. That puts it in the 78th percentile among 379 Education organizations in NH.
- Total revenue was the highest among 383 Education organizations in NH.
- Total revenue rose from $967,704,645 in FY2012 to $2,261,775,916 in FY2025. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $4,001,585,152 to $11,357,805,177 between FY2012 and FY2025.
- Contributions and grants made up 34% of revenue in FY2012 and 29% in FY2025.
- Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge.
IRS status
| Ruling year | 1997 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in NH) |
| Donations | Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible. |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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