Loyola University

Analysis

Loyola University is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1946, 80 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 July 2023, Loyola University reported income of $209.2m and spending of $209.1m, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $184.8m to $209.2m (+13%), an average of +3.2% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loyola 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 LA. Charities of a similar size with the same main cause include Rutgers University Foundation ($208.6m), Meharry Medical College ($209.4m) and Health Scholarships Inc ($208.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3.3m (1.6% of expenses). Other salaries and wages came to $49.7m. It paid $23k in professional fundraising fees. At year end it held assets of $685.2m against liabilities of $355.1m, net assets of $330.2m. It reported 2,230 employees.