Chancellor Masters and Scholars of the University of Cambridge

Analysis

Chancellor Masters and Scholars of the University of Cambridge is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1937, 89 years ago. 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 July 2023, Chancellor Masters and Scholars of the University of Cambridge reported income of $2.80bn and spending of $2.65bn, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.62bn to $2.80bn (+6.6%), an average of +1.6% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chancellor Masters and Scholars of the University of Cambridge 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 NY. Charities of a similar size with the same main cause include University Health Network ($2.43bn), Ascension Seton ($3.01bn) and Riverside Healthcare Association Inc ($2.32bn).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 22% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $8.0m (0.3% of expenses). Other salaries and wages came to $889.3m. At year end it held assets of $11.60bn against liabilities of $3.72bn, net assets of $7.87bn. It reported 204 employees.