Pratt Institute
Pratt Institute reported $364.5 million in revenue and $371.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.28 went to program services, $12.75 to management and general costs and $0.97 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.6% of the total. The highest compensation it reported for one person was $897,304 (PRESIDENT AND TRUSTEE). 359 people received more than $100,000 in reportable compensation. Revenue rose 28% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $372MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $365MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.32 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 3.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $897,304 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.24% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 359 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 22 of 25 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction: Pratt Institute is accredited by the middle states commission on higher education, an institutional accrediting agency recognized by the US secretary of education and the commission on recognition of postsecondary accreditation. The institute offers 5 associate, 27 undergraduate, and 36 graduate degree programs in art, design, architecture, liberal arts and sciences, and information and library sciences (graduate level only). (see continuation in schedule o)
Academic support: the institute provides financial support in the form of scholarships to over 80% of students. This assistance is vital to fostering the unique abilities of the talented individuals enrolled at pratt, the majority of whom would otherwise be unable to benefit from the world-class, cutting edge education the institute offers. (see continuation in schedule o)
Auxiliary enterprises: the institute manages and maintains multiple residence halls which provide housing for pratt students. Auxiliary enterprises also include management of the student meal program and athletic center activities which are primarily maintained for the use and convenience of students, faculty and staff
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND TRUSTEE Director/trustee, officer, 35.00 hrs/week | $820,526 | $0 | $76,778 | $897,304 |
| VP FOR FINANCE AND ADMINISTRATION Officer, 35.00 hrs/week | $378,716 | $0 | $68,542 | $447,258 |
| PROVOST Officer, 35.00 hrs/week | $365,056 | $0 | $36,633 | $401,689 |
| VP FOR ENROLLMENT MANAGEMENT Key employee, 35.00 hrs/week | $300,702 | $0 | $64,532 | $365,234 |
| DEAN - SCHOOL OF DESIGN Highest compensated employee, 35.00 hrs/week | $278,450 | $0 | $68,926 | $347,376 |
| VP OF IT & CIO Key employee, 35.00 hrs/week | $287,558 | $0 | $34,057 | $321,615 |
| CHIEF FACILITIES OFFICER Highest compensated employee, 35.00 hrs/week | $255,171 | $0 | $61,834 | $317,005 |
| VP FOR COMMUNICATIONS AND MARKETING Key employee, 35.00 hrs/week | $246,552 | $0 | $62,287 | $308,839 |
359 people received more than $100,000 in reportable compensation from Pratt Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b25 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 54,490
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ALLIED UNIVERSAL SECURITY SERVICES Security | $2,896,015 |
| ZETLIN & DE CHIARA LLP Legal | $2,058,061 |
| FX COLLABORATIVE ARCHITECTS LLP Architecture | $1,152,588 |
| CULLEN AND DYKMAN LLP Legal | $895,078 |
| ZUBATKIN OWNER REPRESENTATION LLC Project management | $628,189 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
29 private foundations reported grants to Pratt Institute totaling $2.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Pratt Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Pratt Institute, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Pratt Institute spent in FY2025, $86.28 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Oberlin CollegeOberlin, OH · revenue $363M · programs 93.3% · FY2025
- Butler UniversityIndianapolis, IN · revenue $365M · programs 84.7% · FY2025
- The Trustees of Grinnell CollegeGrinnell, IA · revenue $362M · programs 90.2% · FY2025
- Trustees of the College of the Holy CrossWorcester, MA · revenue $367M · programs 84.1% · FY2025
- Babson CollegeBabson Park, MA · revenue $360M · programs 86.6% · FY2025
Questions people ask
How much of Pratt Institute's spending goes to programs?
In the fiscal year ending June 30, 2025, Pratt Institute reported that 86.3% of its $371.6 million in expenses went to program services, 12.7% to management and general and 1.0% to fundraising (Form 990, Part IX).
How much does Pratt Institute pay its top executive?
The largest total compensation Pratt Institute reported for one person in the fiscal year ending June 30, 2025 was $897,304, for the role of PRESIDENT AND TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Pratt Institute get its money?
Of $364.5 million in revenue in the fiscal year ending June 30, 2025, 3.1% came from contributions and grants (including 1.7% from government grants) and 92.6% from program service revenue (Form 990, Part VIII).
Is Pratt Institute a registered charity?
The IRS lists EIN 11-1630822 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349311407 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501339349302230 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349305253 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349304854 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231269349300028 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131329349301028 · read the filing
All filings for EIN 11-1630822: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.