University of Richmond

Analysis

University of Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 1941, 85 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, University of Richmond reported income of $471.3m and spending of $459.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $477.6m to $471.3m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Richmond 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 VA. Charities of a similar size with the same main cause include University of Kentucky Research Foundation ($463.0m), Brandeis University ($478.7m) and Early Learning Coalition of Miami- Dade Monroe ($460.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $7.1m (1.5% of expenses). Other salaries and wages came to $167.7m. It paid $225k in professional fundraising fees. At year end it held assets of $3.71bn against liabilities of $362.8m, net assets of $3.34bn. It reported 4,477 employees.