COLLEGE BOARD
225 LIBERTY ST 28TH FL, NEW YORK, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $1,174,989,530 | $962,967,183 | $2,012,026,087 |
| FY2023 | $1,019,073,270 | $973,652,927 | $1,735,260,515 |
| FY2022 | $1,040,203,098 | $894,366,567 | $1,555,560,125 |
| FY2021 | $983,201,971 | $870,784,495 | $1,667,567,973 |
| FY2020 | $779,610,600 | $862,417,908 | $1,389,569,387 |
| FY2019 | $1,107,897,207 | $1,049,304,734 | $1,291,730,760 |
| FY2018 | $1,073,678,672 | $979,521,189 | $1,136,001,304 |
| FY2017 | $1,067,701,847 | $927,784,350 | $1,100,107,126 |
| FY2016 | $942,621,972 | $905,054,378 | $888,122,565 |
| FY2015 | $915,776,813 | $838,417,778 | $833,784,263 |
| FY2014 | $315,160,302 | $356,796,541 | $795,588,092 |
| FY2013 | $795,817,602 | $740,561,685 | $699,064,141 |
| FY2012 | $758,985,414 | $713,755,580 | $609,264,069 |
| FY2011 | $720,650,408 | $648,975,263 | $590,485,078 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,463,755 | 0% |
| Program service revenue | $1,007,467,769 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $814,051,930 | 85% |
| Management & general | $148,915,253 | 15% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2024. That is higher than 44.7% of 412 Education organizations in NY.
- Net assets covered about 25.1 months of expenses at the end of the reporting year. That puts it in the 63rd percentile among 4125 Education organizations in NY.
- Total revenue was higher than 99.8% of 4251 Education organizations in NY.
- Total revenue rose from $720,650,408 in FY2011 to $1,174,989,530 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2014, FY2020).
- Net assets grew from $590,485,078 to $2,012,026,087 between FY2011 and FY2024.
- Donations are generally tax-deductible (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
College Board reaches more than 7 million students a year, helping them navigate the path from high school to college and career. Our not-for-profit membership organization was founded more than 125 years ago.
IRS status
| Ruling year | 1942 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B900 — Education (in NY) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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