Letourneau University

Analysis

Letourneau University is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in August 1962, 64 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, Letourneau University reported income of $79.2m and spending of $73.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.7m to $79.2m (+21%), an average of +4.8% 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, Letourneau University 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 Beloit College ($79.2m), Ucf Athletic Association Inc ($79.3m) and Hunter College Foundation Inc ($79.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.2m (1.6% of expenses). Other salaries and wages came to $22.2m. It paid $117k in professional fundraising fees. At year end it held assets of $130.7m against liabilities of $10.8m, net assets of $119.9m. It reported 1,388 employees.