Rider University

Analysis

Rider University is a registered charity in United States, based in Lawrence TWP, NJ. It received its IRS tax-exemption ruling in February 1925, 101 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, Rider University reported income of $196.0m and spending of $219.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $232.8m to $196.0m (-16%), an average of -4.2% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rider 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 Endicott College ($195.9m), Hampton University ($197.4m) and Barry University Inc ($195.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.1m (1.0% of expenses). Other salaries and wages came to $60.8m. At year end it held assets of $247.1m against liabilities of $161.8m, net assets of $85.3m. It reported 2,423 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.