Research Foundation of the City University of New York

Analysis

Research Foundation of the City University of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Research Foundation of the City University of New York reported income of $600.3m and spending of $592.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $560.1m to $600.3m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Research Foundation of the City University of New York 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 Everglades College Inc ($598.7m), The New School ($602.9m) and Trustees of the Estate of Bernice Pauahi Bishop ($594.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $1.6m (0.3% of expenses). Other salaries and wages came to $265.5m. It paid $13k in professional fundraising fees. At year end it held assets of $580.6m against liabilities of $443.7m, net assets of $136.9m. It reported 12,884 employees.