Yale University

Analysis

Yale University is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in October 1992, 34 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, Yale University reported income of $6.32bn and spending of $5.61bn, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.55bn to $6.32bn (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yale University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include Emory University ($6.31bn), Trustees of Columbia University ($6.65bn) and President and Fellows of Harvard College ($6.05bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $12.9m (0.2% of expenses). Other salaries and wages came to $2.30bn. At year end it held assets of $54.31bn against liabilities of $10.41bn, net assets of $43.90bn. It reported 33,438 employees.