Cornell University Revenue Statistics

Cornell University Revenue Statistics

In this analysis, we look into Cornell University’s financial situation, specifically its revenue, expenditure and net operating assets. While Cornell’s revenue has shown consistent growth, it is crucial to acknowledge that expenses have also increased.

  • As of the 2021/22 academic year, Cornell University generated $5.11 billion in revenue.
  • Total revenue has increased by 11.30% since the $4.59 billion generated in 2020/21.
  • Over the given 5-year period, Cornell’s revenues increased by 23.23%.
  • $1.30 billion was generated through medical physician organization revenues (25.53% of the total revenue).
  • $1.09 billion was generated through grants, contracts and similar agreements (21.29% of the total revenue).
  • $0.88 billion was generated through tuition and fees (17.15% of the total revenue).
  • In total, Cornell University had expenses of $4.99 billion.
  • Total expenses have increased by 10.72% since the $4.50 billion spent in 2020/21.
  • $3.31 billion was spent on compensation and benefits (66.41% of the overall spend).
  • From the given data, Cornell made a net operating asset gain of $123.49 million for the year.

Total Cornell University revenue

As a primary source of income, Cornell University heavily depends on revenues generated through its medical physician organization. In addition, the university generates significant revenue through tuition fees, grants, and contracts.

  • As of the 2021/22 academic year, Cornell University generated $5.11 billion in revenue.
  • Total revenue has increased by 11.30% since the $4.59 billion generated in 2020/21.
  • Over the given 5-year period, Cornell’s revenues increased by 23.23%.
  • $1.30 billion was generated through medical physician organization revenues.
  • Medical physician organization revenues made up 25.53% of the total revenue.
  • $1.09 billion was generated through grants, contracts and similar agreements.
  • Grants, contracts and similar agreements made up 21.29% of the total revenue.
  • $0.88 billion was generated through tuition and fees.
  • Tuition and fees made up 17.15% of the total revenue.
Revenue type2017/182018/192019/202020/212021/22Change vs 20/21
Tuition & fees$0.73 billion$0.77 billion$0.80 billion$0.79 billion$0.88 billion+10.59%
State & federal appropriations$0.15 billion$0.15 billion$0.15 billion$0.14 billion$0.15 billion+6.17%
Grants, contracts & similar agreements$0.82 billion$0.86 billion$0.88 billion$0.94 billion$1.09 billion+16.17%
Contributions$0.24 billion$0.24 billion$0.29 billion$0.37 billion$0.30 billion-17.20%
Investment return, distributed$0.34 billion$0.33 billion$0.34 billion$0.35 billion$0.34 billion-1.72%
Medical Physician Organization$1.07 billion$1.12 billion$1.03 billion$1.16 billion$1.30 billion+12.23%
Auxiliary enterprises$0.17 billion$0.17 billion$0.15 billion$0.11 billion$0.17 billion+58.51%
Educational activities and other sales & services$0.64 billion$0.71 billion$0.70 billion$0.73 billion$0.87 billion+18.83%
Total$4.15 billion$4.34 billion$4.34 billion$4.59 billion$5.11 billion+11.30%

A graph is given below to show Cornell’s revenue by year:

Total Cornell University expenditure

Cornell University has experienced continuous growth over time in its overall expenditure. Notably, the largest portion of the institution’s spending is allocated to compensation and benefits.

  • As of the 2021/22 academic year, Cornell University had expenses of $4.99 billion.
  • Total expenses have increased by 10.72% since the $4.50 billion spent in 2020/21.
  • Over the given 5-year period, Cornell’s expenses increased by 18.00%.
  • $3.31 billion was spent on compensation and benefits.
  • Compensation and benefits made up 66.41% of the overall spend.
  • $1.18 billion was spent on supplies, services and other.
  • Supplies, services and other made up 23.69% of the overall spend.
Expense type2017/182018/192019/202020/212021/22Change vs 20/21
Compensation & benefits$2.73 billion$2.88 billion$3.00 billion$3.06 billion$3.31 billion+8.21%
Supplies, services & other$1.01 billion$1.06 billion$1.04 billion$0.96 billion$1.18 billion+22.92%
Maintenance & facilities$0.13 billion$0.14 billion$0.13 billion$0.15 billion$0.16 billion+6.83%
Interest$0.05 billion$0.06 billion$0.04 billion$0.03 billion$0.03 billion+10.85%
Depreciation$0.31 billion$0.30 billion$0.31 billion$0.31 billion$0.30 billion-0.64%
Total$4.23 billion$4.45 billion$4.52 billion$4.50 billion$4.99 billion+10.72%

A graph is given below to show Cornell’s expenditure by year:

Total Cornell University net operating assets

  • As of the 2021/22 academic year, Cornell made a net operating asset gain of $123.49 million.
  • This was the highest gain for Cornell over the given period.
  • The greatest net operating asset loss was during 2019/20 (-$175.63 million).
  • Cornell saw average annual net operating asset losses of $29.61 million during the 5-year period.
Academic yearNet operating assets (millions)
2017/18-$79.12 million
2018/19-$104.24 million
2019/20-$175.63 million
2020/21+$87.42 million
2021/22+$123.49 million
(from given revenue and expenditure only)

A graph is given below to show Cornell’s net operating assets by year:

Cornell revenue FAQ

Where does Cornell University’s funding come from?

  • Cornell’s funding predominantly comes from:
    • Medical physician organization.
    • Grants, contracts and similar agreements.
    • Tuition and fees.

What are Cornell University’s main expenses?

  • Cornell’s main expenses include:
    • Compensation and benefits.
    • Supplies, services and other.

Is Cornell University for profit?

  • Cornell University is a private, not-for-profit Ivy League college which allocates its revenue towards reinvestment within the institution.
  • Reinvested revenue supports a wide range of areas, including operational needs, employee salaries, resources and student services.
  • The primary objective of this is to fulfill Cornell’s educational goals.