University Of Richmond: $471.3M Revenue, $358.5M Program Expenses
Richmond, Virginia · EIN 540505965 · Filing year 2023
University Of Richmond reported $471.3M in total revenue, $459.6M in total expenses, and $3.7B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($358.5M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (63/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $471.3M
- Total Expenses
- $459.6M
- Program Expenses
- $358.5M
- Program Expense Ratio
- 78.0%
- Total Assets
- $3.7B
- Reserve Months
- 96.8 months
- EIN
- 540505965
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
University Of Richmond earns a C on the efficiency rubric — the median bucket on the LakeQuality scale, indicating performance close to the national midpoint across program spending, executive compensation, and financial reserves. Composite score: 63/100.
University Of Richmond is a large nonprofit by U.S. standards: $471.3M in 2023 revenue against $459.6M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.
Five-year revenue is essentially flat — University Of Richmond's funding base appears stable but not growing. For mature organizations this is often the steady state; for younger ones it can signal a funding plateau worth diagnosing. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, University Of Richmond 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 ratios should be read.
How University Of Richmond Compares
University Of Richmond directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 63/100 is 11 points below the Education category average. The organization holds 96.8 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to University Of Richmond, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
University Of Richmond has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
University Of Richmond, Donor FAQ
University Of Richmond has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for University Of Richmond is not reported in the most recent IRS 990 filing on file.
University Of Richmond reported $471.3M in annual revenue and $459.6M in total expenses for filing year 2023. The organization holds $3.7B in total assets.
For every dollar donated to University Of Richmond, approximately 78.0 cents goes to program activities. The organization has 96.8 months of operating reserves, providing financial stability to sustain its mission.
University Of Richmond is a registered 501(c) organization with EIN 540505965, based in Richmond, Virginia. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.