Research Foundation for the City University of New York
Detroit, MI 48275 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $62,965,087 | $48,334,673 | $257,413,098 |
| FY2023 | $50,351,702 | $44,376,541 | $232,491,951 |
| FY2022 | $49,950,424 | $37,020,890 | $200,674,733 |
| FY2021 | $49,259,074 | $37,301,601 | $227,324,051 |
| FY2020 | $43,821,346 | $33,144,124 | $213,986,914 |
| FY2019 | $53,159,173 | $38,799,196 | $189,906,298 |
| FY2018 | $50,987,767 | $35,598,687 | $159,188,843 |
| FY2017 | $40,590,880 | $32,060,150 | $156,437,049 |
| FY2016 | $36,803,677 | $28,396,301 | $141,948,038 |
| FY2015 | $39,344,924 | $23,724,993 | $127,940,577 |
| FY2014 | $56,684,317 | $24,415,159 | $120,077,143 |
| FY2013 | $36,029,887 | $23,022,184 | $101,840,781 |
| FY2012 | $10,768,649 | $250,681 | $72,131,235 |
| FY2011 | $10,484,662 | $245,579 | $61,613,267 |
Form 990 filings
The returns filed by Research Foundation for the City University of New York (EIN 02-0733394), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $47,449,877 | 75% |
| Other revenue | $15,515,210 | 25% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $46,969,187 | 97% |
| Management & general | $1,365,486 | 3% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 75% of total revenue in FY2024.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 97% of functional expenses went to program services in FY2024. That is higher than 35.5% of 110 Mutual & Membership Benefit organizations nationwide (too few in MI for a state comparison).
- Net assets covered about 63.9 months of expenses at the end of the reporting year. That puts it in the 66th percentile among 91 Mutual & Membership Benefit organizations in MI.
- Total revenue was higher than 97.8% of 91 Mutual & Membership Benefit organizations in MI.
- Total revenue rose from $10,484,662 in FY2011 to $62,965,087 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $61,613,267 to $257,413,098 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVIDE RETIREMENT MEDICAL AND DENTAL BENEFITS TO THE EMPLOYEES OF THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
IRS status
| Ruling year | 2005 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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