Rensselaer Polytechnic Institute

Analysis

Rensselaer Polytechnic Institute is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in April 1941, 85 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, Rensselaer Polytechnic Institute reported income of $666.6m and spending of $642.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $650.3m to $666.6m (+2.5%), an average of +0.6% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rensselaer Polytechnic Institute 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 Simon Fraser University ($656.3m), Loyola Marymount University ($679.8m) and Western Governors University ($654.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $9.4m (1.5% of expenses). Other salaries and wages came to $162.4m. It paid $104k in professional fundraising fees. At year end it held assets of $1.70bn against liabilities of $854.1m, net assets of $843.2m. It reported 4,750 employees.