California Institute of Technology
California Institute of Technology reported $3.53 billion in revenue and $3.44 billion in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $95.54 went to program services, $4.20 to management and general costs and $0.26 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 75.5% of the total. Government grants made up 9.2%. The highest compensation it reported for one person was $1,753,140 (PRESIDENT & TRUSTEE). 6,925 people received more than $100,000 in reportable compensation. Revenue rose 0% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $3.44BFor 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 September 30, 2025 · Form 990, Part VIII · total revenue $3.53BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 17.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 75.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,753,140 | $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 | 6,925 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 34 of 43 | 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, scholarships, fellowships, and other student aid
Sponsored research at the jet propulsion laboratory
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 & TRUSTEE Director/trustee, officer, 40.0 hrs/week | $1,619,216 | $0 | $133,924 | $1,753,140 |
| VP & DIRECTOR, JPL UNTIL 5/25 Officer, 40.0 hrs/week | $1,399,426 | $0 | $56,467 | $1,455,893 |
| CIO UNTIL 12/24 Officer, 40.0 hrs/week | $1,279,027 | $0 | $91,351 | $1,370,378 |
| VP ADV & ALUMNI RELATIONS Officer, 40.0 hrs/week | $914,282 | $0 | $119,004 | $1,033,286 |
| SEE SCHEDULE O FOR TITLE Officer, 40.0 hrs/week | $780,201 | $0 | $249,226 | $1,029,427 |
| VP & CHIEF OPERATING OFFICER Officer, 40.0 hrs/week | $919,368 | $0 | $62,755 | $982,123 |
| PROVOST Officer, 40.0 hrs/week | $908,012 | $0 | $68,948 | $976,960 |
| ASTRONOMY PROF & EXEC DIR, TIO Highest compensated employee, 40.0 hrs/week | $837,584 | $0 | $55,942 | $893,526 |
6,925 people received more than $100,000 in reportable compensation from California Institute of Technology (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–1b43 · 34 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 11aNo
- 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 511,625
- Volunteers Part I, line 6714
Private foundation grants it received
95 private foundations reported grants to California Institute of Technology totaling $166M 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 California 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 California Institute of Technology, you can publish a response that is linked from this page.
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Of every $100 California Institute of Technology spent in FY2025, $95.54 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Trustees of Boston UniversityBoston, MA · revenue $3.51B · programs 90.9% · FY2025
- University of PittsburghPittsburgh, PA · revenue $3.57B · programs 90.4% · FY2025
- THE CHANCELLOR MASTERS AND SCHOLARS Of the University of CambridgeNew York, NY · revenue $3.50B · programs 86.7% · FY2025
- Chancellor Masters & Scholars of the University of OxfordNew York, NY · revenue $3.76B · programs 97.1% · FY2025
- Governing Council of the University of TorontoCanada, · revenue $3.49B · programs 94.8% · FY2025
Questions people ask
How much of California Institute of Technology's spending goes to programs?
In the fiscal year ending September 30, 2025, California Institute of Technology reported that 95.5% of its $3.44 billion in expenses went to program services, 4.2% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does California Institute of Technology pay its top executive?
The largest total compensation California Institute of Technology reported for one person in the fiscal year ending September 30, 2025 was $1,753,140, for the role of PRESIDENT & TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does California Institute of Technology get its money?
Of $3.53 billion in revenue in the fiscal year ending September 30, 2025, 17.5% came from contributions and grants (including 9.2% from government grants) and 75.5% from program service revenue (Form 990, Part VIII).
Is California Institute of Technology a registered charity?
The IRS lists EIN 95-1643307 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 September 30, 2025, object 202632239349300948 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202512239349302301 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412259349300121 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342239349301844 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212279349302721 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202122249349302362 · read the filing
All filings for EIN 95-1643307: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.