Biola University Inc

Analysis

Biola University Inc is a registered charity in United States, based in LA Mirada, CA. It received its IRS tax-exemption ruling in February 1946, 80 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, Biola University Inc reported income of $223.7m and spending of $236.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $234.9m to $223.7m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Biola University Inc 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 Furman University ($223.2m), Bradley University ($223.8m) and Florida Institute of Technology Inc ($222.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $3.1m (1.3% of expenses). Other salaries and wages came to $84.5m. It paid $275k in professional fundraising fees. At year end it held assets of $456.7m against liabilities of $135.9m, net assets of $320.8m. It reported 3,468 employees.