Soka University of America

Analysis

Soka University of America is a registered charity in United States, based in Aliso Viejo, CA. It received its IRS tax-exemption ruling in September 1985, 41 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, Soka University of America reported income of $40.2m and spending of $103.5m, spending 258% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $48.7m to $40.2m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 149% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Soka University of America 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 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Missouri Valley College ($40.2m), Greensboro Independent School Corporation ($40.2m) and Boise State University Foundation Inc ($40.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $3.0m (2.9% of expenses). Other salaries and wages came to $21.4m. At year end it held assets of $1.79bn against liabilities of $7.0m, net assets of $1.78bn. It reported 624 employees.