Casa Loma College

Analysis

Casa Loma College is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in April 1967, 59 years ago. 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, Casa Loma College reported income of $9.5m and spending of $7.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $9.5m (+91%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Casa Loma College sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Nebraska Masonic Home ($9.5m), Georgia Eye Bank Inc ($9.5m) and Rose Bowl Aquatics Center ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $29.8m against liabilities of $26.7m, net assets of $3.1m. It reported 70 employees.