Simpson University

Analysis

Simpson University is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in June 1953, 73 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 April 2023, Simpson University reported income of $37.2m and spending of $38.0m, spending 102% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $27.8m to $37.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to April 2021, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Simpson University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Christendom Educational Corporation ($37.1m), University School of Nashville ($37.2m) and Briar Cliff University ($37.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $591k (1.6% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $52.0m against liabilities of $31.9m, net assets of $20.1m. It reported 537 employees.