William Marsh Rice University
William Marsh Rice University reported $1.64 billion in revenue and $1.37 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $72.06 went to program services, $25.87 to management and general costs and $2.07 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 39.0% of the total. Government grants made up 12.0%. The highest compensation it reported for one person was $2,975,212 (Chief Investment Officer, Treasurer, Assistant Secretary). 1,212 people received more than $100,000 in reportable compensation. Revenue rose 67% 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 $1.37BFor 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 $1.64BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 72.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 25.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 21.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 12.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 39.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,975,212 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.22% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1,212 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 82.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 26 | 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 expenseDepartmental research and instruction, and other institutional activities. Rice University is accredited by the Southern Association Of Colleges And Schools Commission On Colleges (SACS-COC), Accreditation Board For Engineering And Technology (ABET), International Association for Management Education (AACSB International), National Architectural Accrediting Board (NAAB), and the Texas Education Agency (TEA). Rice serves approximately 4,500 undergraduate and 4,000 graduate students, as well as 13,000 life-long learners. For the cohort entering Fall 2017 the six-year undergraduate graduation…
Basic scientific research and training and other sponsored educational programs. From its inception, Rice has been dedicated, in the words of its first president Edgar Odell Lovett,"As much to investigation as to instruction to providing a setting in which faculty would join the "pleasures of teaching" with "the privileges of research." The university has realized much of this ambition with distinction in undergraduate education and research excellence across many disciplines. Rice is home to more than 40 interdisciplinary research centers, institutes and consortia, and research is a…
Operations of a library that serves students, faculty, staff, alumni, and friends of William Marsh Rice University and is open to the public by charter. The Fondren Library subscribes to approximately 72,000 current journals (print and electronic) and houses over 3,032,000 print volumes and 3,276,000 units of microforms. The collections include audiovisuals, music recordings, scores, and other special formats. An increasing amount of library resources are provided online. The library is a selective depository for U.S. and Texas government publications and a depository for documentation of…
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 |
|---|---|---|---|---|
| Chief Investment Officer, Treasurer, Assistant Secretary Officer, 40.0 hrs/week | $2,885,616 | $0 | $89,596 | $2,975,212 |
| President Director/trustee, officer, 40.0 hrs/week | $1,640,959 | $0 | $433,607 | $2,074,566 |
| Investment Manager Highest compensated employee, 40.0 hrs/week | $1,097,039 | $0 | $75,669 | $1,172,708 |
| Associate Professor Highest compensated employee, 40.0 hrs/week | $1,096,446 | $0 | $74,965 | $1,171,411 |
| Investment Manager Highest compensated employee, 40.0 hrs/week | $1,001,444 | $0 | $85,891 | $1,087,335 |
| Provost and Executive Vice President for Academic Affairs Officer, 40.0 hrs/week | $880,805 | $0 | $204,052 | $1,084,857 |
| Vice President for Development & Alumni Relations Officer, 40.0 hrs/week | $957,601 | $0 | $118,607 | $1,076,208 |
| Football Coach Highest compensated employee, 40.0 hrs/week | $1,008,819 | $0 | $63,205 | $1,072,024 |
1,212 people received more than $100,000 in reportable compensation from William Marsh Rice University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $16M (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–1b26 · 24 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 59,622
- Volunteers Part I, line 62,847
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Austin Industries Inc Construction | $40,102,144 |
| Anslow Bryant Construction Ltd Construction | $23,924,533 |
| Skanska B Bell Builders A Joint Venture Construction | $21,531,739 |
| B Bell Builders LP Construction | $14,501,390 |
Individuals listed as contractors are left out. 151 contractors were paid more than $100,000 in all.
Private foundation grants it received
111 private foundations reported grants to William Marsh Rice University totaling $51M 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 William Marsh Rice 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 William Marsh Rice University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 William Marsh Rice University spent in FY2025, $72.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Southern New Hampshire UniversityManchester, NH · revenue $1.62B · programs 76.6% · FY2025
- Western Governors UniversitySalt Lake City, UT · revenue $1.68B · programs 93.0% · FY2025
- Thomas Jefferson UniversityPhiladelphia, PA · revenue $1.58B · programs 96.3% · FY2025
- University of DelawareNewark, DE · revenue $1.69B · programs 89.2% · FY2025
- Baylor UniversityWaco, TX · revenue $1.56B · programs 81.9% · FY2025
Questions people ask
How much of William Marsh Rice University's spending goes to programs?
In the fiscal year ending June 30, 2025, William Marsh Rice University reported that 72.1% of its $1.37 billion in expenses went to program services, 25.9% to management and general and 2.1% to fundraising (Form 990, Part IX).
How much does William Marsh Rice University pay its top executive?
The largest total compensation William Marsh Rice University reported for one person in the fiscal year ending June 30, 2025 was $2,975,212, for the role of Chief Investment Officer, Treasurer, Assistant Secretary (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does William Marsh Rice University get its money?
Of $1.64 billion in revenue in the fiscal year ending June 30, 2025, 21.4% came from contributions and grants (including 12.0% from government grants) and 39.0% from program service revenue (Form 990, Part VIII).
Is William Marsh Rice University a registered charity?
The IRS lists EIN 74-1109620 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 202601319349301340 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511289349302401 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421299349300847 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321259349302052 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241309349301884 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131309349300443 · read the filing
All filings for EIN 74-1109620: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.