Joan and Irwin Jacobs Technion-Cornell Innovation Instit

Analysis

Joan and Irwin Jacobs Technion-Cornell Innovation Instit is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Joan and Irwin Jacobs Technion-Cornell Innovation Instit reported income of $17.0m and spending of $28.1m, spending 165% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.7m to $17.0m (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joan and Irwin Jacobs Technion-Cornell Innovation Instit sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include University of Alaska Foundation ($17.0m), Dedham Country Day School ($17.0m) and Duluth Public Schools Academy ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 80% of the total. At year end it held assets of $199.1m against liabilities of $1.0m, net assets of $198.0m.