Loyola University Maryland Inc

Analysis

Loyola University Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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 May 2023, Loyola University Maryland Inc reported income of $334.1m and spending of $334.8m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $308.5m to $334.1m (+8.3%), an average of +2.0% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loyola University Maryland Inc 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 MD. Charities of a similar size with the same main cause include The Mental Health Association of New York City Inc ($332.4m), CHS Services Inc ($334.3m) and Florida Hospital Physician Group Inc ($326.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $3.6m (1.1% of expenses). Other salaries and wages came to $79.9m. It paid $204k in professional fundraising fees. At year end it held assets of $741.2m against liabilities of $172.8m, net assets of $568.4m. It reported 2,921 employees.