Prager University Foundation

Analysis

Prager University Foundation is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prager University Foundation reported income of $68.7m and spending of $55.4m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.8m to $68.7m (+188%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prager University Foundation 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 CA. Charities of a similar size with the same main cause include Lovett School ($68.6m), Bank Street College of Education ($68.7m) and California State University Long Beach Research Foundation ($68.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $2.7m (4.9% of expenses). Other salaries and wages came to $12.5m. It paid $877k in professional fundraising fees. At year end it held assets of $102.0m against liabilities of $9.0m, net assets of $93.1m. It reported 165 employees.