California Lutheran University

Analysis

California Lutheran University is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in January 1983, 43 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 May 2023, California Lutheran University reported income of $178.8m and spending of $190.6m, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $187.0m to $178.8m (-4.4%), an average of -1.1% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Lutheran 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 Grove City College ($178.5m), Pacific University ($179.4m) and University of Ontario Institute of Technology ($178.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3.3m (1.7% of expenses). Other salaries and wages came to $58.4m. At year end it held assets of $377.7m against liabilities of $86.5m, net assets of $291.2m. It reported 2,402 employees.