Touro University

Analysis

Touro University is a registered charity in United States, based in Vallejo, CA. It received its IRS tax-exemption ruling in March 1999, 27 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, Touro University reported income of $95.3m and spending of $87.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $87.9m to $95.3m (+8.5%), an average of +2.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Touro 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 CA. Charities of a similar size with the same main cause include American Institute for Chartered Property Casualty Underwriters ($95.0m), Baltimore Medical System Inc ($95.4m) and Florida Hospital Dade City Inc ($94.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.6m (1.8% of expenses). Other salaries and wages came to $38.5m. At year end it held assets of $95.0m against liabilities of $31.0m, net assets of $64.0m. It reported 945 employees.