William Marsh Rice University

Analysis

William Marsh Rice University is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1970, 56 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, William Marsh Rice University reported income of $1.13bn and spending of $1.14bn, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.13bn to $1.13bn (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William Marsh Rice 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 TX. Charities of a similar size with the same main cause include Texas Christian University ($1.10bn), St Louis University ($1.13bn) and University of California San Francisco Foundation ($1.09bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $12.2m (1.1% of expenses). Other salaries and wages came to $409.6m. At year end it held assets of $9.24bn against liabilities of $1.44bn, net assets of $7.80bn. It reported 8,883 employees.