Franklin W Olin College of Engineering Inc
1000 Olin Way, Needham, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $40,842,979 | $66,181,192 | $348,125,207 |
| FY2024 | $38,962,247 | $62,639,905 | $337,772,008 |
| FY2023 | $32,983,159 | $59,796,651 | $319,908,259 |
| FY2022 | $40,612,767 | $57,804,167 | $325,746,750 |
| FY2021 | $38,091,225 | $55,042,896 | $361,590,466 |
| FY2020 | $37,180,553 | $55,527,397 | $276,036,132 |
| FY2019 | $35,158,267 | $54,202,251 | $298,298,425 |
| FY2018 | $38,110,679 | $53,522,914 | $303,607,593 |
| FY2017 | $34,633,752 | $52,334,511 | $294,653,564 |
| FY2014 | $31,636,530 | $49,273,462 | $308,644,520 |
| FY2013 | $28,529,146 | $48,217,050 | $282,245,914 |
| FY2012 | $29,524,432 | $48,022,718 | $270,703,784 |
| FY2011 | $46,139,045 | $48,961,448 | $316,398,366 |
Form 990 filings
The returns filed by Franklin W Olin College of Engineering Inc (EIN 06-1519057), 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 | $2,666,248 | 7% |
| Program service revenue | $31,959,200 | 78% |
| Other revenue | $6,217,531 | 15% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $51,915,496 | 78% |
| Management & general | $12,989,011 | 20% |
| Fundraising | $1,276,685 | 2% |
What the numbers show
- Program service revenue made up 78% of total revenue in FY2025.
- Program services accounted for 78% of functional expenses, management & general 20%, and fundraising 2%.
- 78% of functional expenses went to program services in FY2025. That is higher than 31.9% of 182 Education organizations in MA.
- Net assets covered about 63.1 months of expenses at the end of the reporting year. That puts it in the 76th percentile among 2334 Education organizations in MA.
- Total revenue was higher than 96.8% of 2371 Education organizations in MA.
- Total revenue fell from $46,139,045 in FY2011 to $40,842,979 in FY2025. Revenue increased in 8 and decreased in 4 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 13 of 13 reported years (FY2011, FY2012, FY2013, FY2014, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- The highest revenue on record here is $46,139,045 in FY2011.
- Net assets grew from $316,398,366 to $348,125,207 between FY2011 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
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
HIGHLY SELECTIVE FOUR-YEAR UNDERGRADUATE ENGINEERING COLLEGE WITH A UNIQUE INTERDISCIPLINARY, PROJECT-BASED CURRICULUM EMPHASIZING ENTREPRENEURSHIP, LIBERAL ARTS, AND RIGOROUS SCIENCE AND ENGINEERING FUNDAMENTALS.
IRS status
| Ruling year | 1998 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in MA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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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