Shaw University

Analysis

Shaw University is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1956, 70 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, Shaw University reported income of $36.2m and spending of $45.1m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.4m to $36.2m (-8.1%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shaw University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Maine Technology Institute ($36.2m), Midway University Inc ($36.2m) and Crescent View West Public Charter Inc ($36.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $1.5m (3.3% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $66.9m against liabilities of $16.0m, net assets of $50.9m. It reported 570 employees.