Clarkson University

Analysis

Clarkson University is a registered charity in United States, based in Potsdam, NY. It received its IRS tax-exemption ruling in November 1955, 71 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, Clarkson University reported income of $233.4m and spending of $250.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $245.0m to $233.4m (-4.7%), an average of -1.2% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clarkson 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 NY. Charities of a similar size with the same main cause include National Geographic Society ($232.0m), Lebanese American University ($236.1m) and Roger Williams University ($232.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $4.8m (1.9% of expenses). Other salaries and wages came to $61.2m. At year end it held assets of $480.8m against liabilities of $129.0m, net assets of $351.8m. It reported 2,306 employees.