Point Loma Nazarene University Foundation

Analysis

Point Loma Nazarene University Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Point Loma Nazarene University Foundation reported income of $10.3m and spending of $1.5m, leaving 85% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $10.3m (+158%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 318%. Over the whole period it spent 25% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Point Loma Nazarene University Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include International Institute for Restorative Practices ($10.3m), American University of Armenia Corporation ($10.4m) and The Academy of Alameda Middle Schoo ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $3,614. At year end it held assets of $87.0m against liabilities of $2.4m, net assets of $84.7m.