Loma Linda University Shared Services

Analysis

Loma Linda University Shared Services is a registered charity in United States, based in Loma Linda, CA. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Loma Linda University Shared Services reported income of $341.2m and spending of $342.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $290.1m to $341.2m (+18%), an average of +4.1% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loma Linda University Shared Services 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 CA. Charities of a similar size with the same main cause include Institut Pasteur ($338.2m), Ahs Midwest Management Inc ($349.3m) and University of Regina ($337.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.9m (0.8% of expenses). Other salaries and wages came to $138.7m. At year end it held assets of $290.7m against liabilities of $284.4m, net assets of $6.2m. It reported 3,295 employees.