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 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $9,737,564 | 7% |
| Program service revenue | $134,050,729 | 93% |
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 93% 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 1422 Education organizations in WA.
- Total revenue was higher than 99.6% of 1435 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.
- 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
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 |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- EDUCATIONAL CORPORATION MUKOGAWA GAKUIN — SPOKANE, WA · $136,492,151
- SEATTLE PACIFIC UNIVERSITY — SEATTLE, WA · $136,323,721
- WHITWORTH UNIVERSITY — SPOKANE, WA · $164,233,665
- WASHINGTON STATE UNIVERSITY FOUNDATION — PULLMAN, WA · $125,178,582
- WHITMAN COLLEGE BOARD OF TRUSTEES — WALLA WALLA, WA · $207,712,673
- CORPORATION OF GONZAGA UNIVERSITY — SPOKANE, WA · $508,869,741
- ASSOCIATION OF UNIVERSITY PHYSICIANS — SEATTLE, WA · $518,671,288
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.