Syracuse University

Analysis

Syracuse University is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 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, Syracuse University reported income of $1.74bn and spending of $1.61bn, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.52bn to $1.74bn (+14%), an average of +3.4% 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, Syracuse 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 Gothic Corporation ($1.72bn), George Washington University ($1.80bn) and Grand Canyon University ($1.69bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $6.1m (0.4% of expenses). Other salaries and wages came to $540.1m. At year end it held assets of $4.27bn against liabilities of $1.23bn, net assets of $3.04bn. It reported 17,029 employees.