University of Puget Sound
1500 N Warner St Stop 1075, Tacoma, WA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $145,766,343 | $175,947,358 | $670,653,960 |
| FY2024 | $151,551,518 | $166,535,068 | $658,113,770 |
| FY2023 | $157,193,130 | $165,146,500 | $636,519,490 |
| FY2022 | $155,039,563 | $165,918,914 | $610,363,382 |
| FY2021 | $141,184,806 | $155,195,070 | $655,383,781 |
| FY2020 | $176,238,423 | $174,393,417 | $567,128,187 |
| FY2019 | $169,068,725 | $172,123,742 | $571,348,023 |
| FY2018 | $169,466,955 | $170,743,403 | $557,480,979 |
| FY2017 | $167,208,930 | $166,444,655 | $525,304,874 |
| FY2016 | $162,335,351 | $162,749,086 | $480,568,119 |
| FY2015 | $172,903,292 | $159,181,730 | $493,733,976 |
| FY2014 | $215,596,820 | $154,989,762 | $483,681,483 |
| FY2013 | $171,161,527 | $154,655,154 | $432,265,949 |
| FY2012 | $162,420,020 | $152,259,623 | $394,595,339 |
Form 990 filings
The returns filed by University of Puget Sound (EIN 91-0564961), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $9,737,564 | 7% |
| Program service revenue | $134,050,729 | 92% |
| Other revenue | $1,978,050 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $157,225,755 | 89% |
| Management & general | $14,534,858 | 8% |
| Fundraising | $4,186,745 | 2% |
What the numbers show
- Program service revenue made up 92% of total revenue in FY2025.
- Program services accounted for 89% of functional expenses, management & general 8%, and fundraising 2%.
- 89% of functional expenses went to program services in FY2025. That is higher than 86.2% of 65 Education organizations in WA.
- Net assets covered about 45.7 months of expenses at the end of the reporting year. That puts it in the 80th percentile among 1420 Education organizations in WA.
- Total revenue was higher than 99.6% of 1433 Education organizations in WA.
- Total revenue fell from $162,420,020 in FY2012 to $145,766,343 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2016, FY2018, FY2019, FY2021, FY2022, FY2023, FY2024, FY2025).
- The highest revenue on record here is $215,596,820 in FY2014.
- Net assets grew from $394,595,339 to $670,653,960 between FY2012 and FY2025.
- Contributions and grants made up 14% of revenue in FY2012 and 7% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
DEVELOP STUDENTS TO SUSTAIN INTELLECTUAL CURIOSITY, ACTIVE INQUIRY, & REASONED INDEPENDENCE
IRS status
| Ruling year | 1950 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in WA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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