University of Rochester
University of Rochester reported $6.42 billion in revenue and $6.35 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $96.44 went to program services, $2.75 to management and general costs and $0.81 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 88.4% of the total. Government grants made up 6.2%. The highest compensation it reported for one person was $3,216,424 (PROFESSOR - CARDIAC SURGERY M&D). 6,407 people received more than $100,000 in reportable compensation. Revenue rose 55% 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 $6.35BFor 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 $6.42BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 8.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 88.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $3,216,424 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.05% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6,407 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 35 of 36 | 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 expenseNo description in Part III; see the filing.
No description in Part III; see the filing.
No description in Part III; see the filing.
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 |
|---|---|---|---|---|
| PROFESSOR - CARDIAC SURGERY M&D Highest compensated employee, 85.00 hrs/week | $2,866,454 | $0 | $349,970 | $3,216,424 |
| PROFESSOR - NEUROSURGERY Highest compensated employee, 85.00 hrs/week | $2,462,832 | $0 | $74,123 | $2,536,955 |
| SVP, DEAN SMD, CEO URMC Officer, 80.00 hrs/week | $2,268,785 | $0 | $221,433 | $2,490,218 |
| PROFESSOR - NEUROSURGERY Highest compensated employee, 80.00 hrs/week | $2,118,323 | $0 | $46,024 | $2,164,347 |
| PROFESSOR - ORTHOPAEDICS M&D Highest compensated employee, 86.00 hrs/week | $2,047,496 | $0 | $70,378 | $2,117,874 |
| PROFESSOR - ORTHOPAEDICS M&D Highest compensated employee, 60.00 hrs/week | $1,864,780 | $0 | $66,636 | $1,931,416 |
| TRUSTEE, PRES & CEO Director/trustee, officer, 80.00 hrs/week | $1,637,764 | $0 | $165,826 | $1,803,590 |
| PRES SYSTEM INTEG, URMC Key employee, 55.00 hrs/week | $1,408,233 | $0 | $183,208 | $1,591,441 |
6,407 people received more than $100,000 in reportable compensation from University of Rochester (Part VII, line 2). Compensation of current officers, directors and key employees totaled $19M (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–1b36 · 35 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 2No
- 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 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 537,371
- Volunteers Part I, line 65,233
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ADAPTIVE WORKFORCE SOLUTIONS LLC Temp nursing agency | $131,673,274 |
| TURNER PIKE JOINT VENTURE Construction svcs | $75,273,387 |
| DGA BUILDERS LLC Construction svcs | $16,479,470 |
| HOLDSWORTH KLIMOWSKI CONSTRUCTION Construction svcs | $8,772,317 |
| WEST RIDGE OBSTETRICS AND GYNECOLOGY LLP Medical svcs | $5,397,237 |
Individuals listed as contractors are left out. 462 contractors were paid more than $100,000 in all.
Private foundation grants it received
169 private foundations reported grants to University of Rochester totaling $15M 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 University of Rochester's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Rochester, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Rochester spent in FY2025, $96.44 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of Southern CaliforniaLos Angeles, CA · revenue $5.93B · programs 81.5% · FY2025
- Massachusetts Institute of TechnologyCambridge, MA · revenue $6.74B · programs 80.9% · FY2025
- Washington UniversitySaint Louis, MO · revenue $5.90B · programs 91.9% · FY2025
- University of MiamiCoral Gables, FL · revenue $7.04B · programs 93.4% · FY2025
- University of ChicagoChicago, IL · revenue $5.62B · programs 84.1% · FY2025
Questions people ask
How much of University of Rochester's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Rochester reported that 96.4% of its $6.35 billion in expenses went to program services, 2.7% to management and general and 0.8% to fundraising (Form 990, Part IX).
How much does University of Rochester pay its top executive?
The largest total compensation University of Rochester reported for one person in the fiscal year ending June 30, 2025 was $3,216,424, for the role of PROFESSOR - CARDIAC SURGERY M&D (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Rochester get its money?
Of $6.42 billion in revenue in the fiscal year ending June 30, 2025, 8.4% came from contributions and grants (including 6.2% from government grants) and 88.4% from program service revenue (Form 990, Part VIII).
Is University of Rochester a registered charity?
The IRS lists EIN 16-0743209 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 202621349349307382 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349317402 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349308096 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331329349307748 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349308693 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131349349304868 · read the filing
All filings for EIN 16-0743209: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.