Trustees of Columbia University

Analysis

Trustees of Columbia University is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1974, 52 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, Trustees of Columbia University reported income of $6.65bn and spending of $6.44bn, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.55bn to $6.65bn (+20%), an average of +4.6% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of Columbia 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 Yale University ($6.32bn), The Board of Trustees of the Leland Stanford Junior University ($8.47bn) and Emory University ($6.31bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $17.2m (0.3% of expenses). Other salaries and wages came to $3.13bn. It paid $1.3m in professional fundraising fees. At year end it held assets of $23.55bn against liabilities of $4.87bn, net assets of $18.68bn. It reported 40,081 employees.