Lourdes University

Analysis

Lourdes University is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in March 1946, 80 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, Lourdes University reported income of $37.0m and spending of $42.5m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.5m to $37.0m (+1.3%), an average of +0.3% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lourdes University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include California Montessori Project ($36.9m), Ronald Reagan Presidential Foundation and Institute ($37.0m) and Stephen Gaynor School ($36.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.2m (2.9% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $41.2m against liabilities of $18.9m, net assets of $22.3m. It reported 609 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.