RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
230 W 41ST ST 7TH FL, NEW YORK, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $667,697,898 | $665,088,993 | $173,643,660 |
| FY2024 | $673,014,824 | $665,311,047 | $170,277,080 |
| FY2023 | $600,333,510 | $592,838,098 | $136,866,216 |
| FY2022 | $518,290,887 | $514,798,703 | $104,450,729 |
| FY2021 | $501,643,850 | $498,715,234 | $79,686,511 |
| FY2020 | $547,502,335 | $543,321,202 | $60,198,377 |
| FY2019 | $560,096,585 | $551,354,612 | $54,158,320 |
| FY2018 | $600,244,324 | $592,485,428 | $51,085,635 |
| FY2017 | $548,776,164 | $545,140,034 | $34,777,813 |
| FY2016 | $497,500,307 | $495,897,006 | $31,763,313 |
| FY2015 | $467,713,718 | $465,774,071 | $30,161,168 |
| FY2014 | $453,260,541 | $451,952,883 | $29,291,601 |
| FY2013 | $449,984,947 | $449,824,891 | $17,557,129 |
| FY2012 | $452,378,446 | $448,930,039 | -$8,943,274 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $621,645,380 | 94% |
| Program service revenue | $42,377,870 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $621,637,381 | 93% |
| Management & general | $43,443,612 | 7% |
| Fundraising | $8,000 | 0% |
What the numbers show
- Contributions & grants made up 94% of total revenue in FY2025.
- Program services accounted for 93% of functional expenses, management & general 7%, and fundraising 0%.
- 93% of functional expenses went to program services in FY2025. That is higher than 89.1% of 412 Education organizations in NY.
- Net assets covered about 3.1 months of expenses at the end of the reporting year. That puts it in the 18th percentile among 4125 Education organizations in NY.
- Total revenue was higher than 99.7% of 4251 Education organizations in NY.
- Total revenue rose from $452,378,446 in FY2012 to $667,697,898 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $673,014,824 in FY2024.
- Net assets grew from -$8,943,274 to $173,643,660 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
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 support to CUNY faculty and staff in identifying and obtaining external support (pre-award) from government and private sponsors and is responsible for the administration of all such funded programs (post-award).
IRS status
| Ruling year | 1982 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in NY) |
| Donations | Donations are generally tax-deductible (public charity). |
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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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