Rutgers University Foundation

Analysis

Rutgers University Foundation is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rutgers University Foundation reported income of $208.6m and spending of $198.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $127.2m to $208.6m (+64%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rutgers University Foundation 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 Health Scholarships Inc ($208.5m), Loyola University ($209.2m) and The Cedarville University ($206.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $2.4m (1.2% of expenses). Other salaries and wages came to $15.8m. It paid $719k in professional fundraising fees. At year end it held assets of $146.5m against liabilities of $24.5m, net assets of $122.0m. It reported 269 employees.