Howard University

Analysis

Howard University is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1940, 86 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, Howard University reported income of $1.27bn and spending of $1.24bn, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.04bn to $1.27bn (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Howard 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 Wake Forest University Health Sciences ($1.22bn), Universite de Montreal Succursale a Quebec ($1.30bn) and St Louis University ($1.13bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $10.8m (0.9% of expenses). Other salaries and wages came to $430.0m. At year end it held assets of $2.64bn against liabilities of $1.29bn, net assets of $1.34bn. It reported 7,732 employees.