Trustees of Boston University

Analysis

Trustees of Boston University is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1937, 89 years ago. 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 2022, Trustees of Boston University reported income of $3.13bn and spending of $2.84bn, spending 91% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.66bn to $3.13bn (+18%), an average of +5.5% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trustees of Boston 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 Albany Medical Center Group Organization ($3.04bn), Governing Council of the University of Toronto ($3.21bn) and Ascension Seton ($3.01bn).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 24% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $6.0m (0.2% of expenses). Other salaries and wages came to $1.01bn. It paid $203k in professional fundraising fees. At year end it held assets of $8.02bn against liabilities of $2.78bn, net assets of $5.24bn. It reported 25,806 employees.