Carnegie Mellon University
Carnegie Mellon University reported $2.50 billion in revenue and $1.90 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.68 went to program services, $9.53 to management and general costs and $1.79 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 45.1% of the total. Government grants made up 19.8%. The highest compensation it reported for one person was $3,594,546 (TRUSTEE(PRES/CEO,DIETRICH FDN)). 2,299 people received more than $100,000 in reportable compensation. Revenue rose 35% 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 $1.90BFor 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 $2.50BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 27.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 19.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 45.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $3,594,546 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.19% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2,299 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 40.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 36 of 41 | 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: Carnegie Mellon is a hybrid of a technical institute, fine-arts conservatory and traditional research university, having evolved in response to emerging social needs and intellectual development of the past century. Uniting technology and arts, fusing the practical with the imaginative, maintaining its educational emphasis on developing skills to solve problems. Includes 7 colleges and schools offering degree programs and more than 100 majors and minors to approximately 16,700 undergraduates, graduates and doctoral students. Instruction includes academic support and student…
Research: Carnegie Mellon holds a proud vision of itself as a distinctive and different kind of research university where nationally recognized programs from across the leading disciplines, from computing and engineering to fine arts, intersect. It is a decentralized community of scientists and intellectuals, artists and policymakers, business experts and poets. The diverse and decentralized community that characterizes Carnegie Mellon culture rests on a set of core underpinnings and a strong commitment to real-world problem solving, interdisciplinary collaboration and hard work, combined…
Auxiliary services: services to support the instruction and research functions of the university. These services include but are not limited to housing, dining services, parking, bookstore, printing, telecommunications, and other services related to the delivery of education and research
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 |
|---|---|---|---|---|
| TRUSTEE(PRES/CEO,DIETRICH FDN) Director/trustee, 1.0 hrs/week | $0 | $2,098,335 | $1,496,211 | $3,594,546 |
| PRESIDENT/EX-OFFICIO TRUSTEE Director/trustee, officer, 50.0 hrs/week | $2,749,101 | $25,000 | $381,175 | $3,155,276 |
| CHIEF INVESTMENT OFFICER Officer, 50.0 hrs/week | $1,517,452 | $0 | $725,801 | $2,243,253 |
| DEAN, QATAR CAMPUS Highest compensated employee, 50.0 hrs/week | $1,077,086 | $0 | $100,446 | $1,177,532 |
| PROVOST & CAO Officer, 50.0 hrs/week | $904,204 | $0 | $56,881 | $961,085 |
| MAN. DIR,OPERATIONS-INV OFFICE Highest compensated employee, 50.0 hrs/week | $618,489 | $0 | $296,277 | $914,766 |
| VP/GEN. COUN & SEC. OF THE COR Officer, 50.0 hrs/week | $840,612 | $0 | $57,305 | $897,917 |
| PROF.& DEAN, TEPPER SCH.OF BUS Highest compensated employee, 50.0 hrs/week | $730,550 | $0 | $64,972 | $795,522 |
2,299 people received more than $100,000 in reportable compensation from Carnegie Mellon University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $13M (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–1b41 · 36 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 516,745
- Volunteers Part I, line 636
Private foundation grants it received
156 private foundations reported grants to Carnegie Mellon University totaling $56M 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 Carnegie Mellon University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Carnegie Mellon University, you can publish a response that is linked from this page.
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Of every $100 Carnegie Mellon University spent in FY2025, $88.68 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Georgetown UniversityWashington, DC · revenue $2.30B · programs 88.9% · FY2025
- The University of British ColumbiaCanada, · revenue $2.80B · programs 92.7% · FY2025
- Trustees of Dartmouth CollegeHanover, NH · revenue $2.26B · programs 85.6% · FY2025
- Vanderbilt UniversityNashville, TN · revenue $2.82B · programs 78.9% · FY2025
- The George Washington UniversityAshburn, VA · revenue $2.04B · programs 90.9% · FY2025
Questions people ask
How much of Carnegie Mellon University's spending goes to programs?
In the fiscal year ending June 30, 2025, Carnegie Mellon University reported that 88.7% of its $1.90 billion in expenses went to program services, 9.5% to management and general and 1.8% to fundraising (Form 990, Part IX).
How much does Carnegie Mellon University pay its top executive?
The largest total compensation Carnegie Mellon University reported for one person in the fiscal year ending June 30, 2025 was $3,594,546, for the role of TRUSTEE(PRES/CEO,DIETRICH FDN) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carnegie Mellon University get its money?
Of $2.50 billion in revenue in the fiscal year ending June 30, 2025, 27.6% came from contributions and grants (including 19.8% from government grants) and 45.1% from program service revenue (Form 990, Part VIII).
Is Carnegie Mellon University a registered charity?
The IRS lists EIN 25-0969449 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 202601349349302900 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541349349303374 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421349349301302 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321319349303482 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241259349301849 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131339349302753 · read the filing
All filings for EIN 25-0969449: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.