Lasell University

Analysis

Lasell University is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in May 1928, 98 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lasell University reported income of $79.0m and spending of $92.9m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $94.8m to $79.0m (-17%), an average of -4.5% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lasell University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Mississippi Action for Progress Inc ($78.9m), University Corporation at Monterey Bay ($79.1m) and Unity Environmental University ($78.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.4m (1.5% of expenses). Other salaries and wages came to $25.1m. It paid $95k in professional fundraising fees. At year end it held assets of $119.8m against liabilities of $70.8m, net assets of $49.0m. It reported 1,045 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.