Vanguard University of So Ca

Analysis

Vanguard University of So Ca is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in October 1971, 55 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, Vanguard University of So Ca reported income of $94.8m and spending of $93.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $73.6m to $94.8m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vanguard University of So Ca sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Riverdale Country School Inc ($94.8m), Edkey Inc ($94.8m) and Legacy Funds of Holy Names University ($94.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.1m (1.2% of expenses). Other salaries and wages came to $26.1m. At year end it held assets of $106.6m against liabilities of $53.7m, net assets of $52.9m. It reported 1,130 employees.