University Liggett School

Analysis

University Liggett School is a registered charity in United States, based in Grosse Pt WDS, MI. It received its IRS tax-exemption ruling in December 1954, 72 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, University Liggett School reported income of $25.0m and spending of $25.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.3m to $25.0m (+23%), an average of +5.3% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Liggett School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include New Leaders ($25.0m), Arizona Autism Charter Schools Inc ($25.0m) and Board of Trustees of the Sheffield Scientific School ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $907k (3.6% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $52.2m against liabilities of $12.8m, net assets of $39.5m. It reported 264 employees.