University of Rochester is a 501(c)(3) organization based in Rochester, New York, registered in 1934, with $5,909,399,276 in FY2023 revenue. CharityIndex grades it A+, and it directs about 96% of spending to programs.
Revenue (FY2023)
$5.9B
▲ 9.1% vs prior year
Education median: $200K
Expenses (FY2023)
$5.8B
Net assets
$4.7B
Employees
36,018
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 University of Rochester: 96% to programs · $10 to raise $100 earns a A+ on this criterion. See the exact thresholds →
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 University of Rochester: 10 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
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 University of Rochester: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 University of Rochester: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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The provision of higher education in the liberal arts and sciences, medicine and dentistry, nursing and music; research; and charitable patient care services.
Research activities: the university performs research, training, and other services under grants, contracts, and similar agreements with sponsoring organizations, primarily departments and agencies of the united states government. during the 2023-2024 fiscal year, there were 5,487 grants and contracts in effect that totaled $476,360,500 in revenue.rochester researchers are scientists and scholars, inventors and conservators, artists and analysts. they know many of the best breakthroughs in knowledge and creativity occur by crossing boundaries. many of the university's research environments are designed to facilitate collaboration and exploration across disciplines. research at the university of rochester occurs in 60 research centers and institutes across the university, including: - the laboratory for laser energetics (lle) - the laser lab is the largest university-based department of energy research program in the nation and is home to the most powerful laser systems found at any academic institution in the world. at the lab, researchers from all over the world probe the extremes of temperature and pressure in laboratory-scale experiments. - the institute of optics - home to the nation's first optical science, engineering and design program. the institute of optics has granted about half of all degrees in optics awarded in the u.s. - the del monte institute for neuroscience - instrumental in bringing together neuroscience and related disciplines- biomedical engineering, brain and cognitive sciences, computer science, and neurology. this multidisciplinary work has made possible critical research into alzheimer's, multiple sclerosis, autism and dyslexia. - the humanities center - an intellectual home base for students, faculty, researchers, artists and the public. research projects affect fields beyond the humanities, including medicine, business, science and engineering. - mt. hope family center - leading experts provide evidence-based intervention and prevention services to over 900 at risk children and families annually. - institute for music leadership - developing creative and effective leaders for today's musical world.
Services of hospital and clinics- the university of rochester (the "university") provides health care services to the greater rochester and finger lakes area through strong memorial hospital, strong home care group, the various entities included in strong partners health system, inc. (sphs), f.f. thompson health system, inc., livingston health care system, inc., the memorial hospital of william f. and gertrude f. jones, inc. and st. james hospital. to support the teaching and research missions of its school of medicine and dentistry and its school of nursing, the university of rochester operates strong memorial hospital, a tertiary care teaching hospital, which includes the golisano children's hospital. strong memorial hospital, golisano children's hospital, and the university of rochester medical faculty group operate as unincorporated divisions of the university of rochester. strong memorial hospital provides health care services through its inpatient, outpatient and emergency facilities. the medical staff of the hospital is the faculty of the school of medicine and dentistry. the academic department chairs also function as the department heads of the medical services in the hospital. there are extensive intern and resident programs. the hospital provides care regardless of the patient's ability to pay for services. during the 2023-2024 fiscal year, there were 337,418 total inpatient days and 110,627 emergency visits. in addition to being a teaching facility, the hospital operates in a charitable manner consistent with the requirements of internal revenue code section 501(c)(3) and the "community benefit standard" of irs revenue ruling 69-545. in this regard, the governing body of the organization is composed of prominent citizens in the community. medical staff privileges in the hospital are available
Revenue grew from $2.9B (FY2013) to $5.9B (FY2023) across 11 reported years.
Financial snapshot
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.4B
Total liabilities
$3.6B
Net assets
$4.7B
Salaries & benefits
$3.2B
55% of expenses
Board members
38
37 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,909,399,276▲9.1% | $5,793,073,154▲8.5% | $4,737,566,582▲6.0% | $8,355,774,412▲10.5% | 990 |
| 2022 | $5,415,018,869▲9.7% | $5,337,555,405▲12.5% | $4,469,630,515▲4.6% | $7,560,789,144▲2.9% | 990 |
| 2021 | $4,935,271,271▲3.8% | $4,745,666,796▲10.5% | $4,273,184,444▼8.5% | $7,349,848,808▼6.5% | 990 |
| 2020 | $4,756,232,852▲15.0% | $4,295,127,288▲5.1% | $4,668,186,047▲37.9% | $7,861,155,828▲28.4% | 990 |
| 2019 | $4,135,942,762▼0.6% | $4,087,444,626▲2.0% | $3,386,077,727▼0.8% | $6,120,504,819▲7.1% | 990 |
| 2018 | $4,161,715,577▲6.7% | $4,007,593,282▲5.0% | $3,414,958,023▲4.1% | $5,717,053,404▲4.0% | 990 |
| 2017 | $3,899,693,497▲10.2% | $3,818,144,563▲11.1% | $3,281,619,016▲5.4% | $5,497,835,359▲3.7% | 990 |
| 2016 | $3,539,342,667▲9.5% | $3,435,670,595▲5.4% | $3,114,948,888▲7.6% | $5,300,091,281▲6.7% | 990 |
| 2015 | $3,231,905,703▲5.2% | $3,258,606,172▲8.0% | $2,895,188,686▼7.6% | $4,969,395,345▼3.3% | 990 |
| 2014 | $3,071,828,318▲7.1% | $3,016,490,619▲8.6% | $3,131,921,212▲1.8% | $5,136,352,234▲3.7% | 990 |
| 2013 | $2,867,248,856 | $2,776,536,619▲4.5% | $3,076,629,378▲13.3% | $4,954,770,249▲13.0% | 990 |
| 2012 | — | $2,655,934,381▲3.7% | $2,716,506,372▲9.4% | $4,385,214,942▲5.4% | 990 |
| 2011 | — | $2,560,540,130▲3.3% | $2,482,590,245▼0.6% | $4,161,720,674▲4.9% | 990 |
| 2010 | — | $2,479,293,211▲6.3% | $2,496,431,442▲12.2% | $3,966,515,688▲8.4% | 990 |
| 2009 | — | $2,333,049,375 | $2,224,748,839 | $3,657,566,545 | 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.
Highest-paid: Michael D Maloney Md — $3,476,592 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael D Maloney Md | Professor-orthopaedics M&d | 86 | $3,476,592 |
| George M Alfieris Md | Professor-cardiac Surgery M&d | 85 | $2,867,020 |
| Tarun Bhalla Md | Assoc Prof Neurosurgery | 85 | $2,477,633 |
| Matthew T Bender Md | Professor-orthopaedics | 80 | $1,963,828 |
| Mark B Taubman Md | Srvp Health,ceo Urmc, Dean Smd | 68 | $1,879,642 |
| Ilya Voloshin Md | Professor-orthopaedics M&d | 60 | $1,678,619 |
| David Linehan | Svp,dean,ceo Med Ctr(eff 2/24) | 55 | $1,637,447 |
| Steven I Goldstein | Pres/ceo Smh & Hh,srvp Urmc | 55 | $1,633,548 |
| Michael F Rotondo Md | Ceo Urmfg, Sr Vp Urmc | 55 | $1,321,658 |
| Sarah C Mangelsdorf | Trustee,pres & Ceo | 80 | $1,173,216 |
| Douglas W Phillips | Srvp & Chief Investment Ofcr | 62 | $1,005,853 |
| Kathleen Parrinello | Coo Smh, Exec Vp Smh | 65 | $865,486 |
| Adam P Anolik | Cfo Urmc | 55 | $820,514 |
| Thomas J Farrell | Srvp & Chief Advancement Ofcr | 55 | $734,008 |
| Michael J Apostolakos Md | Cmo,smh & Hh, Vp Urmc | 55 | $721,333 |
| Elizabeth A Milavec | Evp Adm&fin,cfo,trsr | 65 | $702,564 |
| David Figlio | Provost | 55 | $677,066 |
| Donna Gooden Payne | Vp and General Counsel | 60 | $659,123 |
| Stephen Dewhurst | Vp For Research | 55 | $585,662 |
| Carrie P Fuller-spencer | Cfo Smh,hh,ltc&assoc Vp Urmc | 55 | $582,619 |
| Contractor | Services | Paid |
|---|---|---|
| Adaptive Workforce Solutions LLC | Temp Nursing Agency | $154,281,842 |
| Lechase Construction Services | Construction Srvcs | $77,160,813 |
| Turner Pike Joint Venture | Catering/dining Svcs | $44,873,941 |
| Dga Builders LLC | Construction Svcs | $11,375,892 |
| Cabot Group | Construction Svcs | $10,152,607 |
952 grants to University of Rochester totaling $305.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $3,150,385 |
| Muscular Dystrophy Association | Research | 2024 | $629,682 |
| American Heart Association Inc | Research | 2024 | $612,363 |
| Rochester Area Community Foundation | Higher education | 2024 | $456,014 |
| Rochester Area Community Foundation | Mental health | 2024 | $363,579 |
| American Online Giving Foundation Inc | General support | 2024 | $319,041 |
| Pew Charitable Trusts | Policy | 2024 | $225,000 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $205,810 |
| United Way of Greater Rochester and the Finger Lakes Inc | Agency allocation | 2024 | $173,600 |
| Parkinsons Foundation Inc | Center of excellence grants | 2024 | $134,231 |
| Mayo Clinic | Support charitable programs | 2024 | $129,670 |
| Rochester Area Community Foundation | Arts & culture | 2024 | $119,878 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $118,459 |
| Rochester Area Community Foundation | Higher education | 2024 | $83,760 |
| Cystic Fibrosis Foundation | Clinical research center | 2024 | $83,428 |
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Data for University of Rochester (EIN 16-0743209) 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.