UNIVERSITY OF ROCHESTER

ROCHESTER, NY, 14627-0000 (585) 275-2800 Est. 1850 EIN 16-0743209

B430— Education Form 990 501(c)(3)

www.rochester.edu

Mission

THE PROVISION OF HIGHER EDUCATION IN THE LIBERAL ARTS AND SCIENCES, MEDICINE AND DENTISTRY, NURSING AND MUSIC; RESEARCH; AND CHARITABLE PATIENT CARE SERVICES.

Financials

Total Revenue

$5,415,018,869

Total Expenses

$5,337,555,405

Net Assets

$4,469,630,515

35,013 employees 6,981 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

10.0 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 9.7%

Expenses ↑ 12.5%

Revenue Sources

Contributions 8.5% Earned revenue 85.8% Investment 5.6%

Expense Breakdown

Program 95.9% Management 3.2% Fundraising 0.8%

Officers & Key Employees (71)

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Grants Received (6291)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990	$5,415,018,869 ↑	$5,337,555,405	$4,469,630,515
2021 Form 990	$4,935,271,271 ↑	$4,745,666,796	$4,273,184,444
2020 Form 990	$4,756,232,852 ↑	$4,295,127,288	$4,668,186,047
2019 Form 990	$4,135,942,762 ↓	$4,087,444,626	$3,386,077,727
2018 Form 990	$4,161,715,577 ↑	$4,007,593,282	$3,414,958,023
2017 Form 990	$3,899,693,497	$3,818,144,563	$3,281,619,016