ROCHESTER INSTITUTE OF TECHNOLOGY
46 LOMB MEMORIAL DR, ROCHESTER, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,173,696,705 | $1,125,942,387 | $2,278,903,517 |
| FY2024 | $1,155,931,634 | $1,091,883,625 | $2,131,542,126 |
| FY2023 | $1,042,122,687 | $997,198,958 | $1,976,873,090 |
| FY2022 | $1,071,324,345 | $922,322,587 | $1,912,245,355 |
| FY2021 | $909,573,181 | $834,790,858 | $1,909,016,931 |
| FY2020 | $849,584,640 | $813,924,493 | $1,521,892,241 |
| FY2019 | $846,261,436 | $797,214,115 | $1,499,126,915 |
| FY2018 | $846,043,530 | $679,958,794 | $1,434,276,996 |
| FY2017 | $729,320,428 | $746,327,827 | $1,231,018,386 |
| FY2016 | $743,214,060 | $717,452,997 | $1,156,297,085 |
| FY2015 | $701,662,801 | $662,338,959 | $1,166,870,457 |
| FY2014 | $682,973,729 | $655,505,997 | $1,147,420,909 |
| FY2013 | $661,593,139 | $636,901,120 | $1,059,868,841 |
| FY2012 | $659,927,517 | $609,883,924 | $1,005,486,482 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $210,894,542 | 19% |
| Program service revenue | $872,955,783 | 81% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,041,825,242 | 93% |
| Management & general | $70,565,935 | 6% |
| Fundraising | $13,551,210 | 1% |
What the numbers show
- Program service revenue made up 81% of total revenue in FY2025.
- Program services accounted for 93% of functional expenses, management & general 6%, and fundraising 1%.
- 93% of functional expenses went to program services in FY2025. That is higher than 85.9% of 412 Education organizations in NY.
- Net assets covered about 24.3 months of expenses at the end of the reporting year. That puts it in the 63rd percentile among 4125 Education organizations in NY.
- Total revenue was higher than 99.8% of 4251 Education organizations in NY.
- Total revenue rose from $659,927,517 in FY2012 to $1,173,696,705 in FY2025, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2017).
- Net assets grew from $1,005,486,482 to $2,278,903,517 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
ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) SHAPES THE FUTURE AND IMPROVES THE WORLD THROUGH CREATIVITY AND INNOVATION. AS AN ENGAGED, INTELLECTUALLY CURIOUS, AND SOCIALLY CONSCIOUS COMMUNITY, RIT LEVERAGES THE POWER OF TECHNOLOGY, THE ARTS, AND DESIGN FOR THE GREATER GOOD.
IRS status
| Ruling year | 1943 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — 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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