Rosalind Franklin University of Medicine & Science

Analysis

Rosalind Franklin University of Medicine & Science is a registered charity in United States, based in North Chicago, IL. It received its IRS tax-exemption ruling in August 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 June 2023, Rosalind Franklin University of Medicine & Science reported income of $145.6m and spending of $141.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $118.9m to $145.6m (+22%), an average of +5.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosalind Franklin University of Medicine & Science 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 Utah Food Bank ($144.9m), Healthright 360 ($147.3m) and Bay Cove Human Services Inc ($144.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $3.8m (2.7% of expenses). Other salaries and wages came to $64.8m. At year end it held assets of $309.6m against liabilities of $165.3m, net assets of $144.3m. It reported 1,713 employees.