University of San Diego

Analysis

University of San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending June 2023, University of San Diego reported income of $554.5m and spending of $563.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $523.1m to $554.5m (+6.0%), an average of +1.5% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of San Diego 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 Excela Health ($550.0m), Consortium Management Group Inc ($555.3m) and Mercy Clinic East Communities ($545.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $7.9m (1.4% of expenses). Other salaries and wages came to $192.3m. At year end it held assets of $1.77bn against liabilities of $353.1m, net assets of $1.41bn. It reported 5,640 employees.