Laguna College of Art and Design

Analysis

Laguna College of Art and Design is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in June 1966, 60 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, Laguna College of Art and Design reported income of $29.5m and spending of $26.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.5m to $29.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laguna College of Art and Design sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Canterbury School Inc ($29.5m), University of Providence ($29.5m) and The Bay School of San Francisco ($29.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.1m (4.2% of expenses). Other salaries and wages came to $8.7m. It paid $4,255 in professional fundraising fees. At year end it held assets of $44.8m against liabilities of $15.6m, net assets of $29.2m. It reported 473 employees.