Azusa Pacific University

Analysis

Azusa Pacific University is a registered charity in United States, based in Azusa, CA. It received its IRS tax-exemption ruling in April 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, Azusa Pacific University reported income of $301.8m and spending of $254.2m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $327.6m to $301.8m (-7.9%), an average of -2.0% a year. 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, Azusa Pacific 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 University of Tulsa ($301.8m), Kansas University Endowment Assoc ($302.3m) and Arizona State University Foundation for a New American University ($299.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $3.6m (1.4% of expenses). Other salaries and wages came to $87.6m. It paid $22k in professional fundraising fees. At year end it held assets of $417.4m against liabilities of $197.3m, net assets of $220.1m. It reported 3,474 employees.