Carnegie Mellon University

Analysis

Carnegie Mellon University is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 1992, 34 years ago. 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, Carnegie Mellon University reported income of $1.88bn and spending of $1.64bn, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.64bn to $1.88bn (+15%), an average of +3.4% a year. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carnegie Mellon 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 Hawaii Pacific Health Group Return ($1.66bn), Banner University Family Care ($1.97bn) and Jefferson Health Corporation ($1.56bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $11.5m (0.7% of expenses). Other salaries and wages came to $778.8m. It paid $441k in professional fundraising fees. At year end it held assets of $6.84bn against liabilities of $1.29bn, net assets of $5.56bn. It reported 15,791 employees.