The University of Puget Sound
The University of Puget Sound reported $145.8 million in revenue and $175.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.36 went to program services, $8.26 to management and general costs and $2.38 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.0% of the total. The highest compensation it reported for one person was $763,683 (PRESIDENT & TRUSTEE). 154 people received more than $100,000 in reportable compensation. Revenue fell 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 $176MFor 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 $146MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.43 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $763,683 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.43% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 154 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 45.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 30 | 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 expenseThe only national independent undergraduate liberal arts college in western washington, Puget Sound serves approximately 1,900 students from 43 states and abroad, providing 1,200 classes in more than 50 major areas of study in the arts, sciences, humanities, and social sciences, including graduate programs in education, occupational therapy, physical therapy, and public health. The college maintains a low student-faculty ratio and places an emphasis on excellence in teaching. An academically rigorous residential college, Puget Sound offers a full range of services to support the academic…
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 & TRUSTEE Director/trustee, officer, 40.00 hrs/week | $587,755 | $0 | $175,928 | $763,683 |
| EXECUTIVE VICE PRESIDENT & CFO Officer, 40.00 hrs/week | $373,401 | $0 | $79,274 | $452,675 |
| VP FOR UNIVERSITY RELATIONS Officer, 40.00 hrs/week | $358,836 | $0 | $71,404 | $430,240 |
| VP GENERAL COUNSEL Officer, 40.00 hrs/week | $299,466 | $0 | $62,824 | $362,290 |
| FACULTY (THRU 6/24) Highest compensated employee, 40.00 hrs/week | $321,830 | $0 | $8,630 | $330,460 |
| FACULTY (THRU 6/24) Highest compensated employee, 40.00 hrs/week | $317,707 | $0 | $12,552 | $330,259 |
| PROVOST Officer, 40.00 hrs/week | $286,340 | $0 | $38,044 | $324,384 |
| FACULTY (THRU 6/24) Highest compensated employee, 40.00 hrs/week | $292,885 | $0 | $17,749 | $310,634 |
154 people received more than $100,000 in reportable compensation from The University of Puget Sound (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.7M (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–1b30 · 29 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,115
- Volunteers Part I, line 6899
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SCHUCHART CORPORATION Construction services | $1,671,366 |
| JANI-KING OF WESTERN WASHINGTON Janitorial services | $1,206,012 |
| COLUMBIA HOSPITALITY INC Hospitality services | $988,957 |
| SALISH CONSTRUCTION COMPANY Construction services | $857,399 |
| SEMAPHORE CORPORATION Design services | $530,316 |
Individuals listed as contractors are left out. 68 contractors were paid more than $100,000 in all.
Private foundation grants it received
57 private foundations reported grants to The University of Puget Sound totaling $3.7M 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 The University of Puget Sound's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The University of Puget Sound, you can publish a response that is linked from this page.
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Of every $100 The University of Puget Sound spent in FY2025, $89.36 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Roosevelt UniversityChicago, IL · revenue $146M · programs 87.9% · FY2025
- College of the OzarksPoint Lookout, MO · revenue $146M · programs 82.3% · FY2025
- Saint Leo UniversitySaint Leo, FL · revenue $146M · programs 81.6% · FY2025
- Horace Mann SchoolBronx, NY · revenue $146M · programs 89.0% · FY2025
- KIPP FoundationSan Francisco, CA · revenue $146M · programs 96.1% · FY2025
Questions people ask
How much of The University of Puget Sound's spending goes to programs?
In the fiscal year ending June 30, 2025, The University of Puget Sound reported that 89.4% of its $175.9 million in expenses went to program services, 8.3% to management and general and 2.4% to fundraising (Form 990, Part IX).
How much does The University of Puget Sound pay its top executive?
The largest total compensation The University of Puget Sound reported for one person in the fiscal year ending June 30, 2025 was $763,683, for the role of PRESIDENT & TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The University of Puget Sound get its money?
Of $145.8 million in revenue in the fiscal year ending June 30, 2025, 6.7% came from contributions and grants (including 1.4% from government grants) and 92.0% from program service revenue (Form 990, Part VIII).
Is The University of Puget Sound a registered charity?
The IRS lists EIN 91-0564961 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 202621269349302402 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521339349308207 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441309349303409 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301329349307955 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221339349309307 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101349349304540 · read the filing
All filings for EIN 91-0564961: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.