Haigazian University Inc

Analysis

Haigazian University Inc is a registered charity in United States, based in Lebanon. It received its IRS tax-exemption ruling in June 2001, 25 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 August 2023, Haigazian University Inc reported income of $11.0m and spending of $13.5m, spending 123% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.8m to $11.0m (+61%), an average of +13% a year. The sharpest change came in the year to August 2023, when income rose by 47%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Haigazian University Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile. Charities of a similar size with the same main cause include Seattle Childrens Theatre Association ($11.0m), Sonoma Country Day School ($11.0m) and Joy Development School ($11.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $110k (0.8% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $7.8m against liabilities of $5.3m, net assets of $2.5m.