California University of Science and Medicine

Analysis

California University of Science and Medicine is a registered charity in United States, based in Colton, CA. It received its IRS tax-exemption ruling in April 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 June 2023, California University of Science and Medicine reported income of $53.2m and spending of $43.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.4m to $53.2m (+206%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California University of Science and Medicine 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Public Prep Charter School Academies ($53.2m), Thiel College ($53.3m) and Colorado Academy ($53.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $7.7m (18% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $74.3m against liabilities of $60.9m, net assets of $13.5m. It reported 354 employees.