Cooper Union for the Advancement of Science and Art

Analysis

Cooper Union for the Advancement of Science and Art is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1954, 72 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, Cooper Union for the Advancement of Science and Art reported income of $147.3m and spending of $120.4m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $132.8m to $147.3m (+11%), an average of +2.6% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cooper Union for the Advancement of Science and Art sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Iowa State University Foundation ($147.0m), Ascend Charter Schools ($147.5m) and Baldwin Wallace University ($147.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $3.3m (2.7% of expenses). Other salaries and wages came to $29.8m. It paid $330k in professional fundraising fees. At year end it held assets of $1.19bn against liabilities of $351.2m, net assets of $839.1m. It reported 1,053 employees.