Woodbury University

Analysis

Woodbury University is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in February 1972, 54 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, Woodbury University reported income of $51.8m and spending of $57.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $49.5m to $51.8m (+4.7%), an average of +1.2% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woodbury University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Golden Gate University ($51.8m), Centenary University ($51.9m) and Idea Florida Inc ($51.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $2.2m (3.9% of expenses). Other salaries and wages came to $16.9m. At year end it held assets of $54.4m against liabilities of $35.1m, net assets of $19.3m. It reported 634 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.