Touro University
91% goes to programs $51 to raise $100 Strong reserves Growing revenue
Touro University is a 501(c)(3) organization based in New York, New York, registered in 1970, with $382,656,910 in FY2023 revenue. CharityIndex grades it B+, and it directs about 91% of spending to programs.
50 West 47th 12th Fl, New York, NY, 10036 EIN 13-2676570 Since 1970
Revenue (FY2023)
$382.7M
▲ 4.2% vs prior year
Education median: $200K
Expenses (FY2023)
$393.5M
Net assets
$271.8M
Employees
3,572
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating91% to programs · $51 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Touro University: 91% to programs · $51 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating8 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Touro University: 8 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Touro University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Touro University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide an independent institution of higher and professional education.
Contact & location
- Address
- 50 West 47th 12th Fl, New York, NY, 10036
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $210.4M (FY2013) to $382.7M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $595.4MNet assets $271.8M
Operating margin
-2.8%
Spent more than it raised in the latest fiscal year.
Total assets
$867.1M
Total liabilities
$595.4M
Net assets
$271.8M
Salaries & benefits
$214.7M
55% of expenses
Board members
26
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $382,656,910▲4.2% | $393,548,522▲7.9% | $271,751,690 | $867,124,817▲9.8% | 990 |
| 2022 | $367,265,660▲0.1% | $364,898,280▲7.8% | $271,667,565▲3.1% | $789,718,250▲24.3% | 990 |
| 2021 | $366,981,680▲14.0% | $338,426,342▲5.4% | $263,409,197▲30.5% | $635,568,215▲13.8% | 990 |
| 2019 | $321,976,604▲4.3% | $321,177,381▲3.7% | $201,850,447▼0.1% | $558,489,117▲28.5% | 990 |
| 2018 | $308,699,196▼3.3% | $309,789,097▲6.1% | $202,084,656▼0.6% | $434,472,731▼1.4% | 990 |
| 2017 | $319,297,654▲12.4% | $292,068,699▲4.3% | $203,399,394▲16.4% | $440,731,204▲24.6% | 990 |
| 2016 | $284,175,002▲0.4% | $280,118,854▼0.7% | $174,736,371▲4.1% | $353,847,144▲1.2% | 990 |
| 2015 | $282,997,697▲9.5% | $282,136,496▲16.4% | $167,875,511▲0.1% | $349,657,490▼2.6% | 990 |
| 2014 | $258,436,543▲22.8% | $242,284,069▲8.1% | $167,709,293▲10.1% | $359,149,655▲4.5% | 990 |
| 2013 | $210,416,655 | $224,156,411▼23.1% | $152,261,434▼9.3% | $343,691,672▲2.2% | 990 |
| 2012 | — | $291,375,629▲34.4% | $167,812,366▲49.5% | $336,157,011▲14.2% | 990 |
| 2011 | — | $216,730,353▲2.0% | $112,282,116▼10.1% | $294,401,839▼2.1% | 990 |
| 2010 | — | $212,483,615▲11.0% | $124,908,644▼3.8% | $300,664,410▼0.7% | 990 |
| 2009 | — | $191,387,156 | $129,844,555 | $302,817,029 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Alan Kadish — $1,064,178 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Kadish | President, Ceo and Trustee | 18.9 | $1,064,178 |
| Kenneth Steier | Executive Dean, Professor | 35 | $505,400 |
| Patricia Salkin | Provost Grad and Prof Schools | 34.5 | $454,701 |
| Melvin Ness | Senior Vp, Cfo | 30.9 | $440,502 |
| Edward F Farkas End 1223 | Vice Dean, Touro Dental School | 35 | $428,774 |
| Salomon Amar | Sr Vp For Research Affairs | 19 | $417,323 |
| Elizabeth A Palmarozzi | Dean, Touro Coll. Osteo. Med. Montan | 35 | $402,878 |
| Jeffrey Rosengarten | Senior Vp of Oper. & Admin. | 31 | $392,007 |
| Ronnie Myers | Dean, Dental School | 35 | $369,796 |
| Elena Langan | Dean, Law School | 34.5 | $359,469 |
| Marian Stoltz-loike | Vp, Online Education | 35 | $343,754 |
| Michael Newman | Secretary, Sr. Vp and Gen Counsel | 18.9 | $343,354 |
| Moshe Krupka | Executive Vp | 24 | $336,383 |
| Matthew Bonilla | Vp of Student Services | 29 | $300,777 |
| Judah Weinberger | Vp of Collaborative Medicne | 35 | $298,034 |
| Henry Cohen | Dean, Pharmacy School | 35 | $256,965 |
| Steven Lorenzet | Dean, School of Health Sciences | 35 | $225,446 |
| Louis Primavera | Former Dean, Sch. of Health Sciences | 35 | $131,366 |
| Rabbi Daniel Lander | Trustee and Chancellor | 3 | $106,740 |
| Rabbi Menachem Genack | Trustee and Faculty | 32.8 | $29,103 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Excel Guard Corp | Security Services | $3,925,722 |
| Hudson River Cio Advisors LLC | It Consulting Services | $1,684,275 |
| Google Inc | Advertising | $1,141,911 |
| Outfront Media Inc | Advertising | $888,000 |
| Data Brains Inc | It Consulting Services | $800,831 |
Grants received · $73.6M total
94 grants to Touro University totaling $73.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2024 | $100,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $100,000 |
| Benefis Hospitals Inc | Educational tool for healthcare student programs | 2024 | $30,000 |
| Fjc | General operating support | 2024 | $21,260 |
| Benefis Health System Inc | Medical student start-up kits | 2024 | $18,264 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $10,900 |
| Donor Advised Charitable Giving | Education | 2023 | $598,160 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $307,150 |
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2023 | $100,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $51,800 |
| United Jewish Appeal Federation of Jewish Philanthropies of Ny Inc | Jewish life | 2023 | $50,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $30,400 |
| Trustees of Columbia University | Research | 2023 | $26,023 |
| The Ojc Fund | General support | 2023 | $11,000 |
| New York Medical College | Research | 2023 | $7,667 |
Grants made · $2.1M in FY2023
1 grant totaling $2.1M in FY2023. All grants made by Touro University →
| Recipient | Purpose | Amount |
|---|---|---|
| Hebrew Theological College | Education | $2,075,000 |
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Compare Touro University
Frequently asked questions
- Is Touro University a legitimate nonprofit?
- Yes. Touro University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2676570, based in New York, New York. Donations are tax-deductible.
- What is Touro University's EIN?
- Touro University's Employer Identification Number (EIN) is 13-2676570.
- How much revenue does Touro University report?
- Touro University reported $382,656,910 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Touro University's spending goes to programs?
- Touro University spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Touro University have?
- CharityIndex grades Touro University B+, based on program efficiency and fundraising cost.
- How much does Touro University's highest-paid employee make?
- The highest reported compensation on Touro University's latest Form 990 is $1,064,178, paid to Alan Kadish (President, Ceo and Trustee).
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Data for Touro University (EIN 13-2676570) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.