Lesley University

Analysis

Lesley University is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1965, 61 years ago. 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, Lesley University reported income of $117.7m and spending of $116.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $134.2m to $117.7m (-12%), an average of -3.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lesley University sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Goodwill Industries of Central Florida Inc ($117.3m), New York Medical College ($117.9m) and Lifemoves ($117.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $3.5m (3.0% of expenses). Other salaries and wages came to $44.6m. At year end it held assets of $422.9m against liabilities of $147.5m, net assets of $275.4m. It reported 1,502 employees.