Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $609.5M |
|---|---|
| FY2021 | $718.5M |
| FY2022 | $757.7M |
| FY2023 | $728.5M |
| FY2024 | $768.0M |
| FY2025 | $770.1M |
| FY2020 | $100.0M |
|---|---|
| FY2021 | $106.4M |
| FY2022 | $206.6M |
| FY2023 | $201.3M |
| FY2024 | $195.8M |
| FY2025 | $193.1M |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 92% | — | — |
| Overhead ratio | 5% | — | — |
| Fundraising cost ratio | 26% | — | — |
| Revenue growth | -6% | — | — |
| Investment management fee ratio | 0.4% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 0.2% | — | — |
| Fundraising fee ratio | 0.06% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
David Fithian’s $826K as President is at the 67th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| David Fithian | $826,486 | $893,604 | $989,534 | $859,739 | — | — |
| David Angel | — | — | — | — | $574,359 | $433,662 |
| David Fithian | — | — | — | — | $483,683 | — |
| Jeffrey Hite Gillooly | — | — | $402,194 | $437,084 | — | — |
| Danielle Manning | $369,581 | $397,148 | $378,139 | $370,276 | — | — |
| Sebastian Royo | $361,801 | $353,930 | $345,738 | $176,955 | — | — |
| Alan Eisner | $339,589 | $355,638 | $345,434 | $347,126 | — | — |
| Davis Baird | — | — | $192,621 | $353,775 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
- 31Voting board membersPt VI · Ln 1a
- 30Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13Yes
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Educates undergraduate and graduate students while advancing global knowledge through rigorous academic scholarship, creative efforts, and collaborative, faculty-led research programs.
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Where the work happens
Instruction and Academic Support
Clark's fall 2024 enrollment consisted of 2,266 undergraduates and 1,665 graduate students. Our motto - and mission - is "challenge convention; change our world", and our faculty members work to inspire their students to utilize their liberal arts based education to make a real difference in the communities in which they live and work.
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.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest Viewing | $235.5M | $266.5M | -6% | 990 PDF |
| FY2024 | $249.6M | $258.9M | +10% | 990 PDF |
| FY2023 | $226.9M | $248.9M | +14% | 990 PDF |
| FY2022 | $198.4M | $228.9M | +9% | 990 PDF |
| FY2021 | $181.3M | $199.5M | -10% | 990 PDF |
| FY2020 | $200.9M | $197.3M | 990 PDF |
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Schedules filed Part IV
Full filing: Form 990 for FY2025
Part IX · Statement of functional expenses $266,488,619 across 26 lines filed
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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