Loyola Marymount University

Analysis

Loyola Marymount University is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2007, 19 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 May 2023, Loyola Marymount University reported income of $679.8m and spending of $600.0m, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $554.2m to $679.8m (+23%), an average of +5.2% a year. The sharpest change came in the year to May 2022, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loyola Marymount University 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 Rensselaer Polytechnic Institute ($666.6m), Wgu Corporation ($682.1m) and Simon Fraser University ($656.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 10.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $5.5m (0.9% of expenses). Other salaries and wages came to $205.3m. At year end it held assets of $1.72bn against liabilities of $361.9m, net assets of $1.36bn. It reported 6,773 employees.