Clark University

Analysis

Clark University is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in December 1937, 89 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, Clark University reported income of $226.9m and spending of $248.9m, spending 110% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $174.5m to $226.9m (+30%), an average of +6.8% a year. The sharpest change came in the year to May 2020, when income rose by 15%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clark 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 Manhattan University ($226.8m), Mater Academy Inc ($227.4m) and Indiana Wesleyan University ($226.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $4.2m (1.7% of expenses). Other salaries and wages came to $71.4m. It paid $39k in professional fundraising fees. At year end it held assets of $728.5m against liabilities of $201.3m, net assets of $527.3m. It reported 2,654 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.