Roosevelt University

Analysis

Roosevelt University is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1945, 81 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 August 2023, Roosevelt University reported income of $131.8m and spending of $154.4m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $151.9m to $131.8m (-13%), an average of -3.5% a year. The sharpest change came in the year to August 2023, when income dropped by 16%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roosevelt 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 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Pediatric Physicians Services Inc ($131.7m), Moravian University ($132.1m) and Orlando Physicians Network Inc ($131.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $3.2m (2.1% of expenses). Other salaries and wages came to $41.9m. At year end it held assets of $395.5m against liabilities of $290.9m, net assets of $104.6m. It reported 1,970 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.