Thomas Jefferson University

Analysis

Thomas Jefferson University is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1996, 30 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, Thomas Jefferson University reported income of $1.67bn and spending of $1.65bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $881.4m to $1.67bn (+89%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Jefferson 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 PA. Charities of a similar size with the same main cause include Trustees of Dartmouth College ($1.60bn), The Administrators of the Tulane Educational Fund ($1.67bn) and Liberty University Inc ($1.57bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $21.4m (1.3% of expenses). Other salaries and wages came to $711.3m. At year end it held assets of $4.74bn against liabilities of $3.77bn, net assets of $969.0m. It reported 7,492 employees.