Emory

Analysis

Emory is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2011, 15 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 August 2023, Emory reported income of $3.51bn and spending of $4.00bn, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.71bn to $3.51bn (+30%), an average of +6.7% a year. The sharpest change came in the year to August 2021, when income rose by 20%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Emory 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 GA. Charities of a similar size with the same main cause include University of Pittsburgh ($3.14bn), Princeton University ($3.61bn) and University of British Columbia ($2.60bn).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $31.1m (0.8% of expenses). Other salaries and wages came to $1.93bn. At year end it held assets of $2.07bn against liabilities of $3.87bn, net assets of -$1.79bn. It reported 29,287 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.