Long Island University

Analysis

Long Island University is a registered charity in United States, based in Brookville, NY. It received its IRS tax-exemption ruling in June 1942, 84 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 August 2023, Long Island University reported income of $438.6m and spending of $406.5m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $425.2m to $438.6m (+3.1%), an average of +0.8% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Long Island 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 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Pew Memorial Trust ($428.6m), Easter Seals Southern California Inc ($445.0m) and Johns Hopkins University ($421.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $5.5m (1.4% of expenses). Other salaries and wages came to $119.9m. At year end it held assets of $994.1m against liabilities of $228.2m, net assets of $765.9m. It reported 3,292 employees.