Charles Drew University of Medicine & Science

Analysis

Charles Drew University of Medicine & Science is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1967, 59 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, Charles Drew University of Medicine & Science reported income of $100.6m and spending of $103.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $61.1m to $100.6m (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charles Drew University of Medicine & Science 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 Alabama Nursing Home Association Education Foundation ($100.4m), University of Virginia Darden School Foundation ($100.8m) and Trustees of the Lawrenceville School ($100.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $3.8m (3.6% of expenses). Other salaries and wages came to $43.9m. At year end it held assets of $311.5m against liabilities of $82.3m, net assets of $229.2m. It reported 781 employees.