Simmons University

Analysis

Simmons University is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1938, 88 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, Simmons University reported income of $225.0m and spending of $238.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $244.0m to $225.0m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Simmons 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 99th percentile within MA. Charities of a similar size with the same main cause include International Baccalaureate Organization ($224.7m), Lincoln Memorial University ($225.1m) and Trustees of Hamilton College ($223.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.4m (0.6% of expenses). Other salaries and wages came to $63.9m. At year end it held assets of $555.5m against liabilities of $313.7m, net assets of $241.8m. It reported 2,627 employees.