Alfred University

Analysis

Alfred University is a registered charity in United States, based in Alfred, NY. It received its IRS tax-exemption ruling in November 1937, 89 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alfred University reported income of $106.0m and spending of $112.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $106.6m to $106.0m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alfred University 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 California Online Public Schools ($106.0m), Washington State University Foundation ($106.0m) and Saint Francis University ($105.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $2.4m (2.1% of expenses). Other salaries and wages came to $30.5m. At year end it held assets of $368.8m against liabilities of $39.8m, net assets of $329.0m. It reported 1,640 employees.