Johnson & Wales University

Analysis

Johnson & Wales University is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 1965, 61 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, Johnson & Wales University reported income of $342.6m and spending of $334.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $437.9m to $342.6m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Johnson & Wales 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 RI. Charities of a similar size with the same main cause include MCPHS University ($342.3m), Oberlin College ($344.0m) and University of Colorado Foundation ($342.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $4.6m (1.4% of expenses). Other salaries and wages came to $101.0m. It paid $276k in professional fundraising fees. At year end it held assets of $800.6m against liabilities of $86.0m, net assets of $714.6m. It reported 3,188 employees.