The Trustees of the Stevens Institute of Technology

Analysis

The Trustees of the Stevens Institute of Technology is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in October 1986, 40 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, The Trustees of the Stevens Institute of Technology reported income of $505.9m and spending of $476.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $353.5m to $505.9m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Trustees of the Stevens Institute of Technology 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 University of Wisconsin Foundation ($490.5m), Sacred Heart University ($509.0m) and University of the Pacific ($488.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $6.9m (1.4% of expenses). Other salaries and wages came to $154.2m. It paid $101k in professional fundraising fees. At year end it held assets of $1.01bn against liabilities of $428.0m, net assets of $579.0m. It reported 4,089 employees.