Legacy Funds of Holy Names University

Analysis

Legacy Funds of Holy Names University is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 1973, 53 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, Legacy Funds of Holy Names University reported income of $94.8m and spending of $58.7m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.0m to $94.8m (+126%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 108%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Funds of Holy Names University 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Juniata College ($94.7m), Riverdale Country School Inc ($94.8m) and College for Creative Studies ($94.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $1.1m (1.9% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $69.8m against liabilities of $3.9m, net assets of $65.8m. It reported 780 employees.