Trustees Of The University Of Pennsylvania: $9.9B Revenue, $7.2B Program Expenses

Trustees Of The University Of Pennsylvania grades a B on the nonprofit efficiency rubric. 68/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

Trustees Of The University Of Pennsylvania operates at corporate scale — $9.9B in reported 2023 revenue. At over a billion in annual revenue, nonprofits typically run consolidated operations across multiple states or business lines, and the IRS Form 990 reflects a much larger operational footprint than a typical 501(c)(3). Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. 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, Trustees Of The University Of Pennsylvania 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.