Johnson & Wales University: $342.6M Revenue, $334.3M Expenses

The efficiency rubric puts Johnson & Wales University at a B grade: a composite of 66/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.

Johnson & Wales University is a large nonprofit by U.S. standards: $342.6M in 2023 revenue against $334.3M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. On the reserves factor, Johnson & Wales University scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Officer compensation is modest relative to organizational size: Johnson & Wales University reports $4.6M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $342.6M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Johnson & Wales University sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.