Touro University Nevada

Analysis

Touro University Nevada is a registered charity in United States, based in Drive Henderson, NV. It received its IRS tax-exemption ruling in June 2005, 21 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, Touro University Nevada reported income of $72.1m and spending of $69.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $61.7m to $72.1m (+17%), an average of +4.0% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Touro University Nevada 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 100th percentile within NV. Charities of a similar size with the same main cause include Columbia College ($72.0m), Lycoming College ($72.2m) and Gwynedd Mercy University ($72.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.5m (2.1% of expenses). Other salaries and wages came to $28.4m. At year end it held assets of $114.8m against liabilities of $72.1m, net assets of $42.7m. It reported 868 employees.