Cornell University Foundation

Analysis

Cornell University Foundation is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cornell University Foundation reported income of $41.0m and spending of $25.5m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $41.0m (+188%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 175%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornell University Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Kent Place School ($40.9m), Trustees of Westminster School Inc ($41.0m) and Catlin Gabel School ($40.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $176.8m against liabilities of $115k, net assets of $176.7m.