University of the Pacific

Analysis

University of the Pacific is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in December 1963, 63 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, University of the Pacific reported income of $488.7m and spending of $469.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $465.7m to $488.7m (+5.0%), an average of +1.2% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of the Pacific 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 Jefferson University Physicians ($486.5m), University of Wisconsin Foundation ($490.5m) and Kipp Texas Inc ($484.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $8.9m (1.9% of expenses). Other salaries and wages came to $162.5m. It paid $77k in professional fundraising fees. At year end it held assets of $1.31bn against liabilities of $243.1m, net assets of $1.07bn. It reported 4,260 employees.