UNIVERSITY OF RICHMOND
110 UR DR, RICHMOND, VA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $535,402,202 | $510,068,329 | $3,661,023,670 |
| FY2024 | $498,322,761 | $475,875,875 | $3,428,000,221 |
| FY2023 | $471,311,543 | $459,612,825 | $3,342,942,924 |
| FY2022 | $652,188,560 | $420,959,502 | $3,355,791,755 |
| FY2021 | $713,801,637 | $393,284,683 | $3,562,215,976 |
| FY2020 | $458,087,443 | $390,988,842 | $2,596,463,612 |
| FY2019 | $477,643,608 | $385,782,520 | $2,715,249,880 |
| FY2018 | $449,623,123 | $374,981,434 | $2,704,396,216 |
| FY2017 | $486,702,754 | $359,663,900 | $2,547,229,157 |
| FY2016 | $400,461,209 | $349,184,088 | $2,344,548,686 |
| FY2015 | $335,915,362 | $330,214,172 | $2,535,152,108 |
| FY2014 | $435,844,352 | $317,987,825 | $2,469,263,590 |
| FY2012 | $356,875,641 | $285,379,329 | $1,996,881,996 |
| FY2011 | $366,582,755 | $281,201,056 | $2,027,972,098 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $32,128,082 | 11% |
| Program service revenue | $266,442,260 | 89% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $419,175,423 | 82% |
| Management & general | $74,641,615 | 15% |
| Fundraising | $16,251,291 | 3% |
What the numbers show
- Program service revenue made up 89% of total revenue in FY2025.
- Program services accounted for 82% of functional expenses, management & general 15%, and fundraising 3%.
- 82% of functional expenses went to program services in FY2025. That is higher than 39% of 136 Education organizations in VA.
- Net assets covered about 86.1 months of expenses at the end of the reporting year. That puts it in the 80th percentile among 1608 Education organizations in VA.
- Total revenue was higher than 99.9% of 1645 Education organizations in VA.
- Total revenue rose from $366,582,755 in FY2011 to $535,402,202 in FY2025, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2025.
- The highest revenue on record here is $713,801,637 in FY2021.
- Net assets grew from $2,027,972,098 to $3,661,023,670 between FY2011 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO OPERATE A UNIVERSITY FOR ACADEMIC SCIENTIFIC, AND PROFESSIONAL EDUCATION AND LEARNING.
IRS status
| Ruling year | 1941 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in VA) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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