Point Loma Nazarene University

Analysis

Point Loma Nazarene University is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 1937, 89 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, Point Loma Nazarene University reported income of $178.0m and spending of $173.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $151.8m to $178.0m (+17%), an average of +4.1% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Point Loma Nazarene University sits at the 99th 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 Clark Atlanta University Inc ($177.8m), University of Ontario Institute of Technology ($178.0m) and University of the Cumberlands Inc ($177.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.5m (0.9% of expenses). Other salaries and wages came to $57.0m. It paid $8,000 in professional fundraising fees. At year end it held assets of $261.7m against liabilities of $105.1m, net assets of $156.6m. It reported 2,418 employees.