Rochester Institute Of Technology
Rochester Institute of Technology shows consistent revenue growth and asset accumulation, operating with a surplus.
EIN: 160743140 · Rochester, NY · NTEE: B430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7B |
| Total Expenses | $997.2M |
| Program Spending | 85% |
| Net Assets | $2.0B |
| Transparency Score | 85/100 |
Is Rochester Institute Of Technology Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rochester Institute Of Technology directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rochester Institute Of Technology
Rochester Institute Of Technology (EIN: 160743140) is a nonprofit organization based in Rochester, NY, classified under NTEE code B430. The organization reported total revenue of $1.7B and total assets of $2.8B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rochester Institute Of Technology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rochester Institute Of Technology is a major nonprofit that has been operating for 83 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0B |
| Total Expenses | $997.2M |
| Surplus / Deficit | +$44.9M |
| Total Assets | $2.7B |
| Total Liabilities | $715.5M |
| Net Assets | $2.0B |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 32.4 months |
Financial Health Grade: A
In 2023, Rochester Institute Of Technology reported a surplus of $44.9M with revenue exceeding expenses, holds 32.4 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Rochester Institute Of Technology's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +8.1% | +6.6% |
| 2022 | +26.1% | +13.3% | +16.6% |
| 2020 | +0.4% | +2.1% | +7.3% |
| 2019 | +0.0% | +17.2% | +3.1% |
| 2018 | +16.0% | -8.9% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1943 |
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 Rochester Institute Of Technology with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rochester Institute Of Technology allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $44.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.6%.
Executive Compensation Analysis
The provided IRS 990 data consistently reports 0% for Officer Compensation across all listed periods. This is unusual for an organization of RIT's size and suggests that executive compensation might be reported under different categories or that the summary data provided is incomplete regarding this specific detail.
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 Rochester Institute Of Technology's IRS 990 filings:
- Officer compensation reported as 0% across all filings, which is atypical for an organization of this scale and warrants further investigation into the full 990 forms for transparency.
Strengths
The following positive indicators were identified for Rochester Institute Of Technology:
- Consistent revenue growth, increasing from $661 million in 2013 to over $1.7 billion currently.
- Significant asset accumulation, growing from $1.6 billion in 2013 to $2.8 billion.
- Consistent operating surpluses, indicating sound financial management (e.g., $45 million surplus in 2023).
- Strong financial health to support its educational mission as a large university.
Frequently Asked Questions about Rochester Institute Of Technology
Is Rochester Institute Of Technology a legitimate charity?
Rochester Institute Of Technology (EIN: 160743140) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.7B. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Rochester Institute Of Technology spend its money?
Rochester Institute Of Technology directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rochester Institute Of Technology tax-deductible?
Rochester Institute Of Technology is registered as a tax-exempt nonprofit (EIN: 160743140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rochester Institute Of Technology's spending goes to programs?
Rochester Institute Of Technology directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rochester Institute Of Technology compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rochester Institute Of Technology 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 Rochester Institute Of Technology located?
Rochester Institute Of Technology is headquartered in Rochester, New York and files with the IRS under EIN 160743140. It is classified under NTEE code B430.
How many years of IRS 990 filings does Rochester Institute Of Technology have?
Rochester Institute Of Technology has 12 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 $1.7B in total revenue.
Is RIT financially stable?
Yes, RIT demonstrates strong financial stability. Its assets have grown from $1.6 billion in 2013 to $2.8 billion currently, and it consistently operates with a revenue surplus, such as the $45 million surplus in fiscal year 2023 ($1.04 billion revenue vs. $997 million expenses).
How has RIT's revenue changed over time?
RIT has experienced significant revenue growth, increasing from $661 million in 2013 to $1.74 billion in its latest reported revenue, indicating a strong upward trend.
What is RIT's asset growth like?
RIT's assets have shown substantial growth, nearly doubling from $1.6 billion in 2013 to $2.8 billion currently, reflecting strong financial health and investment capacity.
Filing History
IRS 990 filing history for Rochester Institute Of Technology showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Rochester Institute Of Technology's revenue has grown by 72.6%, moving from $603.7M to $1.0B. Total assets increased by 84.1% over the same period, from $1.5B to $2.7B. Total functional expenses rose by 73.4%, from $574.9M to $997.2M. In its most recent filing year (2023), Rochester Institute Of Technology reported a surplus of $44.9M, with revenue exceeding expenses. The organization holds $715.5M in liabilities against $2.7B in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $2.0B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0B | $997.2M | $2.7B | $715.5M | — | View 990 |
| 2022 | $1.1B | $922.3M | $2.5B | $614.0M | — | View 990 |
| 2020 | $849.6M | $813.9M | $2.2B | $644.1M | — | View 990 |
| 2019 | $846.3M | $797.2M | $2.0B | $519.4M | — | View 990 |
| 2018 | $846.0M | $680.0M | $2.0B | $524.5M | — | View 990 |
| 2017 | $729.3M | $746.3M | $1.8B | $594.8M | — | View 990 |
| 2016 | $743.2M | $717.5M | $1.7B | $561.3M | — | View 990 |
| 2015 | $701.7M | $662.3M | $1.7B | $559.2M | — | View 990 |
| 2014 | $683.0M | $655.5M | $1.7B | $563.7M | — | View 990 |
| 2013 | $661.6M | $636.9M | $1.6B | $543.8M | — | View 990 |
| 2012 | $659.9M | $609.9M | $1.5B | $485.1M | — | View 990 |
| 2011 | $603.7M | $574.9M | $1.5B | $475.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0B, expenses of $997.2M, and assets of $2.7B (revenue -2.7% year-over-year).
- 2022: Revenue of $1.1B, expenses of $922.3M, and assets of $2.5B (revenue +26.1% year-over-year).
- 2020: Revenue of $849.6M, expenses of $813.9M, and assets of $2.2B (revenue +0.4% year-over-year).
- 2019: Revenue of $846.3M, expenses of $797.2M, and assets of $2.0B (revenue +0.0% year-over-year).
- 2018: Revenue of $846.0M, expenses of $680.0M, and assets of $2.0B (revenue +16.0% year-over-year).
- 2017: Revenue of $729.3M, expenses of $746.3M, and assets of $1.8B (revenue -1.9% year-over-year).
- 2016: Revenue of $743.2M, expenses of $717.5M, and assets of $1.7B (revenue +5.9% year-over-year).
- 2015: Revenue of $701.7M, expenses of $662.3M, and assets of $1.7B (revenue +2.7% year-over-year).
- 2014: Revenue of $683.0M, expenses of $655.5M, and assets of $1.7B (revenue +3.2% year-over-year).
- 2013: Revenue of $661.6M, expenses of $636.9M, and assets of $1.6B (revenue +0.3% year-over-year).
- 2012: Revenue of $659.9M, expenses of $609.9M, and assets of $1.5B (revenue +9.3% year-over-year).
- 2011: Revenue of $603.7M, expenses of $574.9M, and assets of $1.5B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rochester Institute Of Technology:
Data Sources and Methodology
This transparency report for Rochester Institute Of Technology 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.