Brown University of Providence

Analysis

Brown University of Providence is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Brown University of Providence reported income of $1.59bn and spending of $1.57bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.59bn to $1.59bn (-0.3%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brown University of Providence 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 RI. Charities of a similar size with the same main cause include Jobsohio Beverage System ($732.5m), Fidelity Investments Charitable Gift Fund ($14.73bn) and National Center for Manufacturing Sciences ($427.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $11.8m (0.8% of expenses). Other salaries and wages came to $515.2m. At year end it held assets of $9.40bn against liabilities of $1.73bn, net assets of $7.67bn. It reported 13,028 employees.