Los Angeles Pacific University

Analysis

Los Angeles Pacific University is a registered charity in United States, based in Glendora, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles Pacific University reported income of $20.8m and spending of $20.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.6m to $20.8m (-15%), an average of -4.1% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles Pacific University sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Madison-Ridgeland Academy ($20.7m), Brescia University Inc ($20.8m) and Michigan Tech Fund ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $599k (2.9% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $11.3m against liabilities of $6.4m, net assets of $4.9m. It reported 275 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.