The Administrators of the Tulane Educational Fund

Analysis

The Administrators of the Tulane Educational Fund is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Administrators of the Tulane Educational Fund reported income of $1.67bn and spending of $1.53bn, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.33bn to $1.67bn (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Administrators of the Tulane Educational Fund 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 LA. Charities of a similar size with the same main cause include Thomas Jefferson University ($1.67bn), Grand Canyon University ($1.69bn) and Trustees of Dartmouth College ($1.60bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $9.7m (0.6% of expenses). Other salaries and wages came to $581.9m. It paid $332k in professional fundraising fees. At year end it held assets of $3.96bn against liabilities of $1.31bn, net assets of $2.65bn. It reported 12,066 employees.