Northeastern University

Analysis

Northeastern University is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1995, 31 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 June 2023, Northeastern University reported income of $2.59bn and spending of $2.46bn, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.83bn to $2.59bn (+41%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeastern 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 MA. Charities of a similar size with the same main cause include Baylor College of Medicine ($2.55bn), University of Notre Dame du Lac ($2.59bn) and Vanderbilt University ($2.27bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $12.3m (0.5% of expenses). Other salaries and wages came to $818.6m. At year end it held assets of $5.97bn against liabilities of $2.25bn, net assets of $3.72bn. It reported 22,569 employees.