Carnegie Corporation Of New York: $548.7M Revenue, $172.5M Program Expenses

The efficiency rubric puts Carnegie Corporation Of New York at a B grade: a composite of 73/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.

Annual revenue at Carnegie Corporation Of New York runs $548.7M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Carnegie Corporation Of New York reported $548.7M in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Carnegie Corporation Of New York sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.