Loma Linda University

Analysis

Loma Linda University is a registered charity in United States, based in Loma Linda, CA. It received its IRS tax-exemption ruling in January 1950, 76 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Loma Linda University reported income of $365.3m and spending of $389.7m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $346.5m to $365.3m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loma Linda 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 Illinois Institute of Technology ($364.5m), Touro University ($367.3m) and The Trustees of Grinnell College ($364.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $1.2m (0.3% of expenses). Other salaries and wages came to $110.2m. At year end it held assets of $1.92bn against liabilities of $1.09bn, net assets of $828.6m. It reported 2,893 employees.