University of Richmond
University of Richmond reported $535.4 million in revenue and $510.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.18 went to program services, $14.63 to management and general costs and $3.19 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 49.8% of the total. The highest compensation it reported for one person was $2,867,853 (PRESIDENT AND CIO, SMC). 544 people received more than $100,000 in reportable compensation. Revenue rose 17% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $510MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $535MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.51 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 49.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,867,853 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.56% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 544 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 86.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 26 of 27 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction - the University of Richmond endeavors to offer its students the highest quality education possible, making available top-of-the-line resources and facilities. By maintaining an 8:1 faculty to student ratio, each student has the opportunity to enjoy a personal and unique learning experience. The key characteristics of the university's instructional foundation are a challenging learning environment, small classes, a high quality of student life, a coordinate college system, a commitment to service, opportunities for moral and spiritual development, a mixture of enriching academic…
Academic support - the respective dean's offices of each of the five schools oversee the maintenance and development of the school to ensure that they maintain the high level of academic integrity that has become the standard of the University of Richmond. The university offers opportunities for continuing education in each professor's specialty as well as in new teaching methods and technology, while faculty committees work toward continuous improvement in all areas of student instruction. Academic computing provides information technology to enhance the academic resources available to…
Auxiliary enterprises - the housing office strives to maintain a comfortable living environment for the 91% of the student body that resides on campus each year. Dining services augments these efforts by ensuring students have access to exemplary service, outstanding quality food, with a passion and commitment to excellence. The bookstore ensures that members of the university community have an affordable, convenient option for University of Richmond textbooks, gear, and supplies. Printing services offers top-quality graphic communications for students, faculty and staff
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CIO, SMC Key employee, 40.0 hrs/week | $2,378,280 | $0 | $489,573 | $2,867,853 |
| PRESIDENT AND TRUSTEE Director/trustee, officer, 40.0 hrs/week | $1,985,936 | $0 | $567,624 | $2,553,560 |
| BASKETBALL COACH Highest compensated employee, 40.0 hrs/week | $1,995,300 | $0 | $82,368 | $2,077,668 |
| DEPUTY CIO, SMC Highest compensated employee, 40.0 hrs/week | $935,082 | $0 | $67,250 | $1,002,332 |
| DIRECTOR, SMC Highest compensated employee, 40.0 hrs/week | $785,009 | $0 | $61,082 | $846,091 |
| EVP & COO/TREASURER Officer, 40.0 hrs/week | $696,280 | $0 | $89,148 | $785,428 |
| CHIEF OPERATING OFFICER, SMC Highest compensated employee, 40.0 hrs/week | $699,829 | $0 | $36,128 | $735,957 |
| Chief Administrative Off, SMC Highest compensated employee, 40.0 hrs/week | $696,218 | $0 | $35,528 | $731,746 |
544 people received more than $100,000 in reportable compensation from University of Richmond (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b27 · 26 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 54,927
- Volunteers Part I, line 62,122
Private foundation grants it received
85 private foundations reported grants to University of Richmond totaling $5.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University of Richmond's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Richmond, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Richmond spent in FY2025, $82.18 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Duquesne University of the Holy SpiritPittsburgh, PA · revenue $535M · programs 87.4% · FY2025
- University of San FranciscoSan Francisco, CA · revenue $555M · programs 83.5% · FY2025
- The Trustees of the Smith CollegeNorthampton, MA · revenue $533M · programs 82.5% · FY2025
- Midwestern UniversityDowners Grove, IL · revenue $556M · programs 93.0% · FY2025
- Worcester Polytechnic InstituteWorcester, MA · revenue $529M · programs 83.0% · FY2025
Questions people ask
How much of University of Richmond's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Richmond reported that 82.2% of its $510.1 million in expenses went to program services, 14.6% to management and general and 3.2% to fundraising (Form 990, Part IX).
How much does University of Richmond pay its top executive?
The largest total compensation University of Richmond reported for one person in the fiscal year ending June 30, 2025 was $2,867,853, for the role of PRESIDENT AND CIO, SMC (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Richmond get its money?
Of $535.4 million in revenue in the fiscal year ending June 30, 2025, 6.0% came from contributions and grants (including 0.6% from government grants) and 49.8% from program service revenue (Form 990, Part VIII).
Is University of Richmond a registered charity?
The IRS lists EIN 54-0505965 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349310067 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349306036 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431349349307603 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349300218 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349305754 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141379349309114 · read the filing
All filings for EIN 54-0505965: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.