Palo Alto University Inc

Analysis

Palo Alto University Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in April 1976, 50 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 July 2023, Palo Alto University Inc reported income of $38.5m and spending of $39.0m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $33.4m to $38.5m (+15%), an average of +3.6% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palo Alto University Inc 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 99th percentile within CA. Charities of a similar size with the same main cause include Kansas City Art Institute ($38.4m), Lees-Mcrae College Incorporated ($38.5m) and St Johnsbury Academy ($38.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (2.7% of expenses). Other salaries and wages came to $20.1m. At year end it held assets of $45.8m against liabilities of $21.8m, net assets of $24.1m. It reported 594 employees.