University of Southern California

Analysis

University of Southern California is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1934, 92 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Southern California reported income of $5.12bn and spending of $5.08bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.86bn to $5.12bn (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. 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, University of Southern California 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 Washington University ($5.09bn), University of Rochester ($5.42bn) and Ecmc Group Inc ($5.04bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $27.8m (0.5% of expenses). Other salaries and wages came to $2.23bn. It paid $45k in professional fundraising fees. At year end it held assets of $13.78bn against liabilities of $4.21bn, net assets of $9.57bn. It reported 44,960 employees.