University of South Los Angeles

Analysis

University of South Los Angeles is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 2024, University of South Los Angeles reported income of $502k and spending of $372k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income fell from $667k to $502k (-25%), an average of -9.1% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of South Los Angeles sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Wa Sang Foundation ($501k), Volunteers of America Inc ($502k) and The Aslan Project Inc ($501k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $145k. At year end it held assets of $792k against liabilities of $19k, net assets of $774k. It reported 4 employees.