Princeton University

Analysis

Princeton University is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in February 1984, 42 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, Princeton University reported income of $3.61bn and spending of $2.63bn, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.06bn to $3.61bn (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 129%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Princeton 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 NJ. Charities of a similar size with the same main cause include Emory ($3.51bn), Duke University ($3.75bn) and University of Pittsburgh ($3.14bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $20.4m (0.8% of expenses). Other salaries and wages came to $954.9m. At year end it held assets of $41.55bn against liabilities of $5.33bn, net assets of $36.22bn. It reported 15,908 employees.