University of LA Verne

Analysis

University of LA Verne is a registered charity in United States, based in LA Verne, CA. It received its IRS tax-exemption ruling in November 1934, 92 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, University of LA Verne reported income of $210.2m and spending of $210.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $236.2m to $210.2m (-11%), an average of -2.9% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of LA Verne 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 Siena University ($210.1m), University of Georgia Athletic Association Inc ($210.7m) and Meharry Medical College ($209.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $4.3m (2.1% of expenses). Other salaries and wages came to $65.3m. At year end it held assets of $455.6m against liabilities of $148.6m, net assets of $307.0m. It reported 2,252 employees.