Alfred University
Alfred University maintains stable finances with growing assets, though recent filing shows a deficit.
EIN: 160743900 · Alfred, NY · NTEE: B430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $155.8M |
| Total Expenses | $112.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $329.0M |
| Transparency Score | 75/100 |
Is Alfred University Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alfred University directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alfred University
Alfred University (EIN: 160743900) is a nonprofit organization based in Alfred, NY, classified under NTEE code B430. The organization reported total revenue of $155.8M and total assets of $451.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alfred University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alfred University is a major nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $106.0M |
| Total Expenses | $112.4M |
| Surplus / Deficit | $-6,345,063 |
| Total Assets | $368.8M |
| Total Liabilities | $39.8M |
| Net Assets | $329.0M |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 39.4 months |
Financial Health Grade: B
In 2023, Alfred University reported a deficit of $6.3M with expenses exceeding revenue, holds 39.4 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alfred University's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.8% | +0.8% | +2.0% |
| 2022 | +7.0% | +6.4% | -6.4% |
| 2021 | -8.7% | -3.3% | +20.0% |
| 2020 | +18.1% | +2.7% | +0.5% |
| 2019 | +2.7% | +3.8% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1937 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alfred University with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Alfred University allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.8%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is highly unusual for an organization with annual revenues exceeding $100 million. This suggests executive compensation is either reported under different expense categories or the summary data is incomplete, hindering a proper analysis of executive pay relative to the organization's size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alfred University's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and suggests a lack of transparency in this specific data point.
- Recent fiscal period (202306) shows expenses ($112,363,461) exceeding revenue ($106,018,398), indicating a deficit.
Strengths
The following positive indicators were identified for Alfred University:
- Consistent revenue generation, generally exceeding $100 million annually.
- Significant growth in assets over the past decade, from $260,610,391 in 201406 to $368,832,192 in 202306.
- Liabilities are well-managed and represent a relatively small portion of total assets.
- History of stable operations with revenues generally covering expenses across most reporting periods.
Frequently Asked Questions about Alfred University
Is Alfred University a legitimate charity?
Alfred University (EIN: 160743900) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $155.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Alfred University spend its money?
Alfred University directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Alfred University tax-deductible?
Alfred University is registered as a tax-exempt nonprofit (EIN: 160743900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Alfred University CEO make?
Alfred University's highest-compensated officer earns $100 annually. The organization reported $155.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Alfred University's spending goes to programs?
Alfred University directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Alfred University compare to similar nonprofits?
With a transparency score of 75/100 (Good), Alfred University is above average for NTEE category B430 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alfred University located?
Alfred University is headquartered in Alfred, New York and files with the IRS under EIN 160743900. It is classified under NTEE code B430.
How many years of IRS 990 filings does Alfred University have?
Alfred University has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $155.8M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is highly unusual for an organization of Alfred University's size and revenue. This suggests that executive compensation may be categorized under other expense lines or that the provided summary data is incomplete regarding this specific detail.
What caused the deficit in the 202306 fiscal period?
In the 202306 period, Alfred University reported expenses of $112,363,461 against revenues of $106,018,398, resulting in a deficit. The specific causes would require a detailed review of the full IRS 990 filing for that period to identify changes in revenue streams or significant expense increases.
How does Alfred University manage its liabilities?
Alfred University's liabilities have remained relatively stable and manageable over the past decade, ranging from approximately $39 million to $53 million, while assets have grown significantly. This indicates a prudent approach to debt management relative to its overall financial resources.
Filing History
IRS 990 filing history for Alfred University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alfred University's revenue has declined by 2.5%, moving from $108.7M to $106.0M. Total assets increased by 55.5% over the same period, from $237.1M to $368.8M. Total functional expenses rose by 18.7%, from $94.7M to $112.4M. In its most recent filing year (2023), Alfred University reported a deficit of $6.3M, with expenses exceeding revenue. The organization holds $39.8M in liabilities against $368.8M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $329.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $106.0M | $112.4M | $368.8M | $39.8M | — | View 990 |
| 2022 | $123.0M | $111.5M | $361.6M | $44.3M | — | View 990 |
| 2021 | $114.9M | $104.8M | $386.3M | $48.5M | — | View 990 |
| 2020 | $125.8M | $108.4M | $321.9M | $46.5M | — | View 990 |
| 2019 | $106.6M | $105.5M | $320.3M | $46.0M | — | View 990 |
| 2018 | $103.8M | $101.7M | $313.5M | $42.7M | — | View 990 |
| 2017 | $104.7M | $100.9M | $301.0M | $48.8M | — | View 990 |
| 2016 | $123.9M | $99.1M | $287.6M | $53.5M | — | View 990 |
| 2015 | $105.8M | $98.6M | $268.5M | $52.9M | — | View 990 |
| 2014 | $108.2M | $98.5M | $260.6M | $49.1M | — | View 990 |
| 2013 | $95.9M | $97.4M | $242.9M | $42.5M | — | — |
| 2012 | $103.5M | $96.4M | $241.4M | $53.5M | — | View 990 |
| 2011 | $108.7M | $94.7M | $237.1M | $51.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106.0M, expenses of $112.4M, and assets of $368.8M (revenue -13.8% year-over-year).
- 2022: Revenue of $123.0M, expenses of $111.5M, and assets of $361.6M (revenue +7.0% year-over-year).
- 2021: Revenue of $114.9M, expenses of $104.8M, and assets of $386.3M (revenue -8.7% year-over-year).
- 2020: Revenue of $125.8M, expenses of $108.4M, and assets of $321.9M (revenue +18.1% year-over-year).
- 2019: Revenue of $106.6M, expenses of $105.5M, and assets of $320.3M (revenue +2.7% year-over-year).
- 2018: Revenue of $103.8M, expenses of $101.7M, and assets of $313.5M (revenue -0.9% year-over-year).
- 2017: Revenue of $104.7M, expenses of $100.9M, and assets of $301.0M (revenue -15.5% year-over-year).
- 2016: Revenue of $123.9M, expenses of $99.1M, and assets of $287.6M (revenue +17.1% year-over-year).
- 2015: Revenue of $105.8M, expenses of $98.6M, and assets of $268.5M (revenue -2.2% year-over-year).
- 2014: Revenue of $108.2M, expenses of $98.5M, and assets of $260.6M (revenue +12.8% year-over-year).
- 2013: Revenue of $95.9M, expenses of $97.4M, and assets of $242.9M (revenue -7.4% year-over-year).
- 2012: Revenue of $103.5M, expenses of $96.4M, and assets of $241.4M (revenue -4.8% year-over-year).
- 2011: Revenue of $108.7M, expenses of $94.7M, and assets of $237.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alfred University:
Data Sources and Methodology
This transparency report for Alfred University is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.