Rockefeller University

Analysis

Rockefeller University is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1938, 88 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, Rockefeller University reported income of $514.6m and spending of $521.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $460.2m to $514.6m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rockefeller 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 NY. Charities of a similar size with the same main cause include The Big 12 Conference Inc ($510.7m), Midwestern University ($518.1m) and Sacred Heart University ($509.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $7.8m (1.5% of expenses). Other salaries and wages came to $129.4m. At year end it held assets of $3.96bn against liabilities of $1.38bn, net assets of $2.58bn. It reported 1,717 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.