The Ross Institute Inc

Analysis

The Ross Institute Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Ross Institute Inc reported income of $28.6m and spending of $34.1m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $40.4m to $28.6m (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Ross Institute Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include University of Utah Research Foundation ($28.6m), Christian Academy of Louisville Inc ($28.6m) and American Community School of Abu Dhabi ($28.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $755k (2.2% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $60.8m against liabilities of $22.6m, net assets of $38.2m. It reported 314 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.