Our Lady of the Lake University of San Antonio

Analysis

Our Lady of the Lake University of San Antonio is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in May 2000, 26 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 May 2023, Our Lady of the Lake University of San Antonio reported income of $69.2m and spending of $76.7m, spending 111% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $88.9m to $69.2m (-22%), an average of -6.1% a year. The sharpest change came in the year to May 2023, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Our Lady of the Lake University of San Antonio sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Goal Academy ($69.1m), Northfield Mount Hermon School ($69.3m) and Colby-Sawyer College ($69.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.7% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.2m (1.5% of expenses). Other salaries and wages came to $24.1m. At year end it held assets of $111.2m against liabilities of $35.2m, net assets of $76.1m. It reported 1,139 employees.