Lynn University Inc

Analysis

Lynn University Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in December 1972, 54 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, Lynn University Inc reported income of $146.0m and spending of $147.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $120.0m to $146.0m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 15%. 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, Lynn University Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Dallas Baptist University ($145.7m), Southwestern University ($146.3m) and Bellevue University ($145.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $5.7m (3.8% of expenses). Other salaries and wages came to $39.7m. At year end it held assets of $205.1m against liabilities of $75.9m, net assets of $129.2m. It reported 1,450 employees.