University of Rochester

Analysis

University of Rochester is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1934, 92 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, University of Rochester reported income of $5.42bn and spending of $5.34bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.16bn to $5.42bn (+30%), an average of +6.8% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Rochester 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 University of Southern California ($5.12bn), Cornell University ($5.88bn) and Washington University ($5.09bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $17.1m (0.3% of expenses). Other salaries and wages came to $2.29bn. It paid $320k in professional fundraising fees. At year end it held assets of $7.56bn against liabilities of $3.09bn, net assets of $4.47bn. It reported 35,013 employees.