Grand Canyon University

Analysis

Grand Canyon University is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 2015, 11 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, Grand Canyon University reported income of $1.69bn and spending of $1.67bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.71bn to $1.69bn (-1.2%), an average of -0.3% a year. 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, Grand Canyon University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include The Administrators of the Tulane Educational Fund ($1.67bn), Gothic Corporation ($1.72bn) and Thomas Jefferson University ($1.67bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.4m (0.1% of expenses). Other salaries and wages came to $210.1m. At year end it held assets of $2.03bn against liabilities of $1.55bn, net assets of $477.6m. It reported 11,656 employees.