Rochester Institute of Technology
Rochester Institute of Technology reported $1.17 billion in revenue and $1.13 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $92.53 went to program services, $6.27 to management and general costs and $1.20 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 74.4% of the total. Government grants made up 15.0%. The highest compensation it reported for one person was $1,421,925 (PRESIDENT). 845 people received more than $100,000 in reportable compensation. Revenue rose 38% 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 $1.13BFor 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 $1.17BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 18.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 15.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 74.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,421,925 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.13% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 845 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 24.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 38 of 42 | 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 and Academic Support - Established in 1829, RIT is one of the world's premier universities with an innovative and creative student body from all fifty states and over 100 nations. RIT total enrollment in Fall 2024 was approximately 21,316, which included approximately 18,140 undergraduate and 3,176 graduate students. Approximately 17,166 students are enrolled at RIT's main campus and the remainder at international locations. RIT is comprised of nine colleges and two degree-granting academic units offering 206 graduate and undergraduate programs. NTID (National Technical Institute…
Student and Auxiliary Services - Student services provide students with additional enrichment and educational opportunities. Such services include student health, athletics, and other recreational activities. Auxiliaries provide essential services to students in support of RIT's educational mission. These services include housing operations and dining services. SURPLUSES FROM AUXILIARY SERVICES SUPPORT THE OPERATING BUDGET OF THE UNIVERSITY
Research and Public Support - RIT engages in public service activities that benefit the general community in which it resides, including training, postsecondary education for the deaf and hard of hearing, and K-12 programs. RIT also conducts research to advance the body of knowledge, enhance student and faculty learning and build its reputation in the scientific and technical communities in support of, or in concert with, the University's exempt mission, while providing positive returns to our sponsoring partners. As articulated in RIT's strategic plan, the University continues to place…
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 Director/trustee, officer, 40.0 hrs/week | $1,309,891 | $0 | $112,034 | $1,421,925 |
| SVP FINANCE AND ADMINISTRATION Officer, 40.0 hrs/week | $685,910 | $0 | $57,109 | $743,019 |
| ASSOC PROVOST DIR GOLISANO INST OF SUSTAINABILITY Highest compensated employee, 40.0 hrs/week | $647,725 | $0 | $64,987 | $712,712 |
| PROVOST & SR VP FOR ACADEMIC AFFAIRS Officer, 40.0 hrs/week | $545,850 | $0 | $50,806 | $596,656 |
| VP UNIVERSITY ADVANCEMENT Officer, 40.0 hrs/week | $463,163 | $0 | $64,914 | $528,077 |
| DEAN SAUNDERS COLLEGE OF BUSINESS Highest compensated employee, 40.0 hrs/week | $446,139 | $0 | $64,255 | $510,394 |
| KATHERINE JOHNSON ENDOWED EXEC. DIR. GLOBAL CYBERSECURITY INSTITUTE Highest compensated employee, 40.0 hrs/week | $430,941 | $0 | $32,099 | $463,040 |
| PRESIDENT NTID & VP AND DEAN RIT Officer, 40.0 hrs/week | $396,322 | $0 | $61,325 | $457,647 |
845 people received more than $100,000 in reportable compensation from Rochester Institute of Technology (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.8M (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–1b42 · 38 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 512,536
- Volunteers Part I, line 64,110
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LECHASE CONSTRUCTION SERVICES LLC Construction services | $32,838,807 |
| DGA BUILDERS LLC Construction services | $14,811,830 |
| CHRISTA CONSTRUCTION LLC Construction services | $13,838,486 |
| HAMILTON STERN CONSTRUCTION Construction services | $3,070,866 |
| ACCENTURE LLP Consulting services | $3,005,149 |
Individuals listed as contractors are left out. 63 contractors were paid more than $100,000 in all.
Private foundation grants it received
120 private foundations reported grants to Rochester Institute of Technology totaling $4.3M 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 Rochester Institute of Technology's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Rochester Institute of Technology, you can publish a response that is linked from this page.
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Of every $100 Rochester Institute of Technology spent in FY2025, $92.53 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of OttawaCanada, · revenue $1.12B · programs 87.2% · FY2025
- College BoardNew York, NY · revenue $1.17B · programs 84.5% · 2024
- McMaster UniversityCanada, · revenue $1.12B · programs 98.9% · FY2025
- Southern Methodist UniversityDallas, TX · revenue $1.18B · programs 89.0% · FY2025
- Nova Southeastern UniversityFort Lauderdale, FL · revenue $1.06B · programs 84.5% · FY2025
Questions people ask
How much of Rochester Institute of Technology's spending goes to programs?
In the fiscal year ending June 30, 2025, Rochester Institute of Technology reported that 92.5% of its $1.13 billion in expenses went to program services, 6.3% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Rochester Institute of Technology pay its top executive?
The largest total compensation Rochester Institute of Technology reported for one person in the fiscal year ending June 30, 2025 was $1,421,925, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Rochester Institute of Technology get its money?
Of $1.17 billion in revenue in the fiscal year ending June 30, 2025, 18.0% came from contributions and grants (including 15.0% from government grants) and 74.4% from program service revenue (Form 990, Part VIII).
Is Rochester Institute of Technology a registered charity?
The IRS lists EIN 16-0743140 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 202621249349302502 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541289349300044 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421149349301002 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340949349300644 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240919349300009 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130989349301508 · read the filing
All filings for EIN 16-0743140: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.