Norwich University

Analysis

Norwich University is a registered charity in United States, based in Northfield, VT. It received its IRS tax-exemption ruling in August 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Norwich University reported income of $192.7m and spending of $196.5m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $178.4m to $192.7m (+8.0%), an average of +1.9% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norwich University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VT. Charities of a similar size with the same main cause include Challenger School Foundation ($192.1m), University of Indianapolis ($192.8m) and President and Trustees of Bates College ($192.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.9m (0.9% of expenses). Other salaries and wages came to $52.3m. At year end it held assets of $487.8m against liabilities of $95.5m, net assets of $392.3m. It reported 1,830 employees.