WILLIAM MARSH RICE UNIVERSITY

HOUSTON, TX, 77005-1827 (713) 348-0000 Est. 1908 EIN 74-1109620
B430— Education Form 990 501(c)(3)
rice.edu

Mission

As a leading research university with a distinctive commitment to undergraduate education, Rice University aspires to path breaking research, unsurpassed teaching, and contributions to the betterment of our world. It seeks to fulfill this mission by cultivating a diverse community of learning and discovery that produces leaders across the spectrum of human endeavor. The University enrolls approximately 4,200 undergraduate and 4,000 graduate students. Approximately 70% of undergraduate students receive financial aid, as do almost all doctoral students.

Financials

Total Revenue
$1,423,437,172
Total Expenses
$1,273,179,891
Net Assets
$8,896,382,000
9,223 employees 3,500 volunteers
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
7.0 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 26.5%
Expenses ↑ 11.3%
Revenue Sources
Contributions 23.1% Earned revenue 41.6% Investment 31.0% Other 4.0%
Expense Breakdown
Program 91.1% Management 6.9% Fundraising 2.0%

Officers & Key Employees (65)

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Grants Received (4478)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2023 Form 990$1,423,437,172 $1,273,179,891$8,896,382,000
2022 Form 990$1,125,640,523 $1,143,616,109$7,797,226,732
2021 Form 990$1,372,497,739 $1,038,722,151$8,095,699,219
2020 Form 990$1,279,950,788 $1,001,174,859$8,923,635,000
2019 Form 990$976,544,472 $925,337,559$7,024,753,000
2017 Form 990$1,004,368,830 $815,227,423$7,122,309,204

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EIN: 74-1109620 · Source: IRS Form 990 e-file data