Larkin University Corp

Analysis

Larkin University Corp is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, Larkin University Corp reported income of $8.1m and spending of $8.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.2m to $8.1m (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Larkin University Corp sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Aurora Academy Charter School ($8.1m), Learning Independence for Tomorrow Incorporated ($8.1m) and Propel Charter School-Hazelwood ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $14.0m against liabilities of $9.1m, net assets of $4.9m. It reported 69 employees.