Loyalist College of Applied Arts and Technology

Analysis

Loyalist College of Applied Arts and Technology is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in January 2014, 12 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).

In the financial year ending March 2024, Loyalist College of Applied Arts and Technology reported income of $129.7m and spending of $119.3m, spending 92% of its income. Across the 4 years on record, from March 2021 to March 2024, income grew from $62.6m to $129.7m (+107%), an average of +28% a year. The sharpest change came in the year to March 2022, when income rose by 73%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loyalist College of Applied Arts and Technology 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. Charities of a similar size with the same main cause include St Catherine University ($129.6m), Georgia Tech Athletic Association ($129.9m) and Desales University ($129.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $900k (0.8% of expenses). Other salaries and wages came to $40.2m. At year end it held assets of $139.2m against liabilities of $92.0m, net assets of $47.2m.