Clark University
92% goes to programs $26 to raise $100 Strong reserves Growing revenue
Clark University is a 501(c)(3) organization based in Worcester, Massachusetts, registered in 1937, with $235,538,162 in FY2024 revenue. CharityIndex grades it B+, and it directs about 92% of spending to programs.
950 Main St, Worcester, MA, 01610 EIN 04-2111203 Since 1937
Revenue (FY2024)
$235.5M
▼ 5.6% vs prior year
Education median: $200K
Expenses (FY2024)
$266.5M
Net assets
$577.1M
Employees
2,700
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating92% to programs · $26 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Clark University: 92% to programs · $26 to raise $100 earns a B+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating26 mo reserves · -13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Clark University: 26 mo reserves · -13% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Clark University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Clark University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Clark university's mission is to educate undergraduate and graduate (continued in schedule o)students to be imaginative and contributing citizens of the world, and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort.
What they do
Financial aid: clark is committed to being affordable to those students able to meet the high academic expectations of our faculty. approximately 97% of all undergraduate students receive some level of financial assistance, which is distributed on the basis of both merit and financial need.
Research: clark is committed to a program of research and has a very professionally active faculty, virtually all of whom are engaged in sponsored or unsponsored research and creative activity. undergraduate and graduate students participate extensively in faculty-directed research. research is funded by both private and public grants.
Auxiliary services includes providing high quality residence halls, food service, and campus store services to clark students. student services program supports an environment for the students that encourages them to become active, involved and responsible citizens in the global communities. resources are expended to provide support to the students in achieving their non-academic goals and providing a balance and healthy social environment.
Contact & location
- Address
- 950 Main St, Worcester, MA, 01610
- City
- Worcester
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $162.9M (FY2013) to $235.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $193.1MNet assets $577.1M
Operating margin
-13.1%
Spent more than it raised in the latest fiscal year.
Total assets
$770.1M
Total liabilities
$193.1M
Net assets
$577.1M
Salaries & benefits
$99.0M
37% of expenses
Board members
31
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $235,538,162▼5.6% | $266,488,619▲2.9% | $577,060,137▲0.8% | $770,114,928▲0.3% | 990 |
| 2023 | $249,568,152▲10.0% | $258,888,264▲4.0% | $572,202,393▲8.5% | $768,048,176▲5.4% | 990 |
| 2022 | $226,941,247▲14.4% | $248,885,959▲8.8% | $527,258,993▼4.3% | $728,511,228▼3.9% | 990 |
| 2021 | $198,442,361▲9.5% | $228,857,031▲14.7% | $551,127,563▼10.0% | $757,704,092▲5.5% | 990 |
| 2020 | $181,293,663▼9.8% | $199,499,597▲1.1% | $612,072,355▲20.1% | $718,521,244▲17.9% | 990 |
| 2019 | $200,947,598▲15.1% | $197,321,125▲8.3% | $509,512,290▼0.5% | $609,464,924▼1.0% | 990 |
| 2018 | $174,538,711▼1.8% | $182,160,844▲5.6% | $511,931,524▼2.6% | $615,842,769▼2.5% | 990 |
| 2017 | $177,774,718▲10.5% | $172,446,611▲3.3% | $525,739,847▲6.9% | $631,485,553▲5.2% | 990 |
| 2016 | $160,933,563▼2.3% | $166,987,025▲0.1% | $491,915,076▲7.7% | $600,379,121▲5.6% | 990 |
| 2015 | $164,743,440▲1.9% | $166,861,656▲4.2% | $456,951,427▼8.0% | $568,383,900▼6.8% | 990 |
| 2014 | $161,658,447▼0.8% | $160,210,170▲2.3% | $496,559,428▲3.3% | $609,697,675▲2.3% | 990 |
| 2013 | $162,921,807 | $156,546,577▲5.2% | $480,641,713▲10.2% | $596,241,532▲8.2% | 990 |
| 2012 | — | $148,783,901▼1.0% | $436,091,149▲15.1% | $551,123,297▲10.2% | 990 |
| 2011 | — | $150,259,494▲2.3% | $378,743,362▼3.7% | $499,989,821▼1.4% | 990 |
| 2010 | — | $146,835,377▲4.7% | $393,176,783▲16.4% | $506,943,180▲11.7% | 990 |
| 2009 | — | $140,241,624 | $337,871,278 | $453,950,353 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: David Fithian — $826,486 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Fithian | President | 40 | $826,486 |
| Danielle Manning | Evp & Treasurer (thru 04/2025) | 40 | $369,581 |
| Sebastian Royo | Provost(thru 08/2024)/professor | 40 | $361,801 |
| Alan Eisner | Professor | 40 | $339,589 |
| Joe Manok | Vice President Univ. Advancement | 40 | $325,582 |
| Kendall Isaac | Vp, Gen Counsel & Sec. (thru 09/24) | 40 | $321,192 |
| John Labrie | Assoc Provost/dean of Prof Studies | 40 | $293,053 |
| David Jordan | Dean of School of Business | 40 | $289,443 |
| Jill Friedman | Vp Marketing & Communications | 40 | $288,959 |
| Robert Johnston | Professor | 40 | $280,452 |
| Nadia Ward | Director Mosakowski Institute | 40 | $268,065 |
| David Chearo | Vp Planning & Chief of Staff | 40 | $260,681 |
| Margo Foreman | Vp & Chief Diversity Officer | 40 | $225,928 |
| Joseph Corazzini | Vp Govt & Comm Affairs | 40 | $223,432 |
| John Magee | Int Prov/provost (as of 02/2025) | 40 | $223,135 |
| Anne Randall | Controller and Asst Treasurer | 40 | $176,544 |
| Matthew Malsky | Program Dir. Mca Supplement | 40 | $144,548 |
| Yuko Aoyama | Assoc Provost/dean of Research | 40 | $140,415 |
| Ani Aprahamian | Trustee | 2 | — |
| Anthony Cannon | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Consigli Construction Co Inc | Construction Management | $6,248,245 |
| Sodexo Inc Affiliates | Food Services | $4,253,601 |
| Capstone Development Partners LLC | Construction Management | $4,191,287 |
| Aramark Services Inc | Food Services | $3,080,436 |
| Shawmut Design and Construction | Construction Management | $1,771,567 |
Grants received · $14.2M total
185 grants to Clark University totaling $14.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $209,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $115,000 |
| Rochester Area Community Foundation | Higher education | 2024 | $109,070 |
| Impactassets Inc | General support | 2024 | $100,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $100,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $80,000 |
| Conference On Jewish Material Claims Against Germany | Research, educ & doc | 2024 | $41,767 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $20,000 |
| New Hampshire Charitable Foundation | For general support and education | 2024 | $17,500 |
| American Endowment Foundation | Educational | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $9,115 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,047,071 |
| Nature Conservancy | Conservation activities | 2023 | $279,208 |
| Impactassets Inc | Holocaust and genocide studies | 2023 | $250,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $165,360 |
Grants made · $771K in FY2024
12 grants totaling $771K in FY2024. All grants made by Clark University →
| Recipient | Purpose | Amount |
|---|---|---|
| Boston Private Industry Council Inc the | Research/training | $160,900 |
| Virginia Polytechnic Institute and State University | Research | $116,656 |
| Southbridge Public Schools | Research | $86,878 |
| The Board of Trustees of the University of Illinois | Research | $74,093 |
| University of Maryland Foundation Inc | Research/training | $72,454 |
| University of California Santa Barbara | Research | $70,297 |
| University of Connecticut Foundation Incorporated | Research | $50,706 |
| Icf International | Research | $43,939 |
| Trustees of Boston University | Research/training | $29,910 |
| T R W I B Inc | Research/training | $29,275 |
| University of Miami | Research | $19,355 |
| Tampa Bay Workforce Alliance Inc | Research/training | $16,287 |
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Compare Clark University
Frequently asked questions
- Is Clark University a legitimate nonprofit?
- Yes. Clark University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2111203, based in Worcester, Massachusetts. Donations are tax-deductible.
- What is Clark University's EIN?
- Clark University's Employer Identification Number (EIN) is 04-2111203.
- How much revenue does Clark University report?
- Clark University reported $235,538,162 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Clark University's spending goes to programs?
- Clark University spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Clark University have?
- CharityIndex grades Clark University B+, based on program efficiency and fundraising cost.
- How much does Clark University's highest-paid employee make?
- The highest reported compensation on Clark University's latest Form 990 is $826,486, paid to David Fithian (President).
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Explore more
Data for Clark University (EIN 04-2111203) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.