Georgetown University

Analysis

Georgetown University is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1973, 53 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, Georgetown University reported income of $1.92bn and spending of $1.91bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.70bn to $1.92bn (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgetown 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 DC. Charities of a similar size with the same main cause include George Washington University ($1.80bn), Harvard Management Private Equity Corporation ($2.02bn) and Syracuse University ($1.74bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $6.3m (0.3% of expenses). Other salaries and wages came to $723.9m. It paid $939k in professional fundraising fees. At year end it held assets of $5.66bn against liabilities of $3.27bn, net assets of $2.38bn. It reported 15,629 employees.