Charity Search / UNIVERSITY OF SOUTHERN CALIFORNIA
Education (B430) IRS Verified DX Registered 990 on File

UNIVERSITY OF SOUTHERN CALIFORNIA

EIN: 95-1642394 · LOS ANGELES, CA 90089-0001 · United States · FY 2023 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 70/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
CharityAI™ Score
Not yet evaluated
Mission Statement

The central mission of the University of Southern California is the development of human beings and society as a whole through the cultivation and enrichment of the human mind and spirit. The principal means by which our mission is ac­complished are teaching, research, artistic cre­ation, professional practice and selected forms of public service. Our first priority as faculty and staff is the education of our students, from freshmen to post­doctorals, through a broad array of academic, professional, extracurricular and athletic pro­ grams of the first rank. The integration of liberal and professional learning is one of USC's special strengths. We strive constantly for excellence in teaching knowledge and skills to our students, while at the same time helping them to acquire wisdom and insight, love of truth and beauty, moral discernment, understanding of self, and re­spect and appreciation for others. Research of the highest quality by our faculty and students is fundamental to our mission. USC is one of a very small number of premier academ­ic institutions in which research and teaching are inextricably intertwined, and on which the nation depends for a steady stream of new knowledge, art, and technology. Our faculty are not simply teachers of the works of others, but active con­tributors to what is taught, thought and practiced throughout the world. USC is pluralistic, welcoming outstanding men and women of every race, creed and back- ground. We are a global institution in a global center, attracting more international students over the years than any other American Univer­sity. And we are private, unfettered by political control, strongly committed to academic free­dom, and proud of our entrepreneurial heritage. An extraordinary closeness and willingness to help one another are evident among USC students, alumni, faculty, and staff; indeed, for those within its compass the Trojan Family is a genuinely supportive community. Alumni, trust­ees, volunteers and friends of USC are essential to this family tradition, providing generous fi­nancial support, participating in university gov­ernance, and assisting students at every turn. In our surrounding neighborhoods and around the globe, USC provides public leadership and public service in such diverse fields as health care, economic development, social welfare, sci­entific research, public policy and the arts. We also serve the public interest by being the largest private employer in the city of Los Angeles, as well as the city's largest export industry in the private sector. USC has played a major role in the develop­ment of Southern California for more than a cen­tury, and plays an increasingly important role in the development of the nation and the world. We expect to continue to play these roles for many centuries to come. Thus our planning, commit­ments and fiscal policies are directed toward building quality and excellence in the long term.

Financial Overview — FY 2023
$5119.3M
Total Revenue
$5076.5M
Total Expenses
$9570.1M
Net Assets
44960
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 86.2%
Fundraising Efficiency 3841.6%
Operating Reserve 22.62x
Liability-to-Asset 30.5%
Revenue Diversification 74.8%
Executive Compensation $27.8M
Compared with Peers
FY 2023
Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
86.2% 87.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
12.2% 10.5%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
1.6% 1.3%
P10P90
Below median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
3841.6% 4415.8%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
22.6 mo 20.3 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
30.5% 27.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
74.8% 84.6%
P10P90
Above median
Revenue growth
Year over year revenue growth
-8.0% -2.0%
P10P90
Expense growth
Year over year expense growth
0.5% 5.9%
P10P90
Surplus margin
Surplus as a share of revenue
0.8% 1.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $5119.3M $5076.5M $9570.1M 86.2% 44960
2022 $5566.9M $5049.3M $9176.2M 87.7% 42205
2021 $6404.7M $5421.4M N/A — 40550
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Organization Details
EIN
95-1642394
State
CA
City
LOS ANGELES
ZIP
90089-0001
Classification
B430
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1981
Foundation Code
16
Form 990
On File
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