YALE UNIVERSITY
PO BOX 208239, NEW HAVEN, CT · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $8,452,768,034 | $6,672,258,952 | $48,474,473,304 |
| FY2024 | $6,841,256,079 | $6,197,071,259 | $45,197,216,474 |
| FY2023 | $6,315,023,788 | $5,612,701,248 | $43,899,580,411 |
| FY2022 | $7,410,414,729 | $5,113,408,089 | $43,848,329,997 |
| FY2021 | $7,616,500,018 | $4,656,059,084 | $43,431,083,495 |
| FY2020 | $5,595,177,145 | $4,581,336,832 | $30,994,700,008 |
| FY2019 | $5,551,534,852 | $4,314,687,059 | $30,914,630,289 |
| FY2018 | $5,089,937,007 | $4,121,360,611 | $30,925,375,109 |
| FY2017 | $4,678,330,813 | $3,903,898,620 | $28,293,249,847 |
| FY2016 | $4,807,997,730 | $3,681,608,494 | $25,790,963,158 |
| FY2015 | $5,461,672,525 | $3,513,798,862 | $26,682,368,362 |
| FY2014 | $4,477,633,568 | $3,423,617,239 | $25,120,652,240 |
| FY2013 | $3,688,471,185 | $3,318,422,271 | $21,937,281,633 |
| FY2012 | $3,627,023,737 | $3,110,478,699 | $20,065,937,771 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,540,361,903 | 33% |
| Program service revenue | $3,157,344,143 | 67% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $5,815,033,579 | 87% |
| Management & general | $759,686,264 | 11% |
| Fundraising | $97,539,109 | 1% |
What the numbers show
- Program service revenue made up 67% of total revenue in FY2025.
- Program services accounted for 87% of functional expenses, management & general 11%, and fundraising 1%.
- 87% of functional expenses went to program services in FY2025. That is higher than 70.9% of 79 Education organizations in CT.
- Net assets covered about 87.2 months of expenses at the end of the reporting year. That puts it in the 79th percentile among 838 Education organizations in CT.
- Total revenue was higher than 100.1% of 850 Education organizations in CT.
- Total revenue rose from $3,627,023,737 in FY2012 to $8,452,768,034 in FY2025, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $20,065,937,771 to $48,474,473,304 between FY2012 and FY2025.
- Contributions and grants made up 24% of revenue in FY2012 and 18% in FY2025.
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
TO IMPROVE THE WORLD THROUGH RESEARCH, SCHOLARSHIP, EDUCATION, PRESERVATION, AND PRACTICE.
IRS status
| Ruling year | 1992 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in CT) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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