Fordham University

Analysis

Fordham University is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 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, Fordham University reported income of $1.02bn and spending of $1.04bn, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $933.5m to $1.02bn (+9.0%), an average of +2.2% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fordham 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 Idea Public Schools ($1.00bn), College Board ($1.02bn) and Loyola University of Chicago ($992.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $8.5m (0.8% of expenses). Other salaries and wages came to $303.6m. It paid $616k in professional fundraising fees. At year end it held assets of $2.40bn against liabilities of $795.5m, net assets of $1.61bn. It reported 7,866 employees.