Pacific Lutheran University Inc

Analysis

Pacific Lutheran University Inc is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in October 2010, 16 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, Pacific Lutheran University Inc reported income of $158.6m and spending of $161.9m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $154.9m to $158.6m (+2.4%), an average of +0.6% a year. 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, Pacific Lutheran 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 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Stevenson University Inc ($158.0m), Molloy University ($159.2m) and Foundation for California Community Colleges ($157.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.3% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.5m (0.9% of expenses). Other salaries and wages came to $43.6m. At year end it held assets of $273.4m against liabilities of $89.3m, net assets of $184.1m. It reported 2,160 employees.