University of Southern California
University of Southern California reported $5.93 billion in revenue and $5.59 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.46 went to program services, $16.62 to management and general costs and $1.92 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 68.7% of the total. Government grants made up 11.0%. The highest compensation it reported for one person was $11,802,958 (HEAD FOOTBALL COACH). 10,741 people received more than $100,000 in reportable compensation. Revenue fell 8% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $5.59BFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $5.93BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 23.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 11.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 68.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $11,802,958 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.21% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 10,741 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 24.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 37 of 39 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction and research: approximately 20,000 students in undergraduate classes: approximately 26,000 students in graduate and professional classes: 5,900 bachelor degrees conferred and 12,520 advanced degrees conferred in 2024-2025. The major research is in medicine, engineering and the sciences. The institution has 459 contracts/grants awarded by the federal government and 305 awarded in 2024-2025 by private corporations, foundations, other universities, or state and local governments for basic research
Health care services: the doctors of usc are more than 600 physicians and specialists who are full-time faculty members of the keck school of medicine of usc. Usc physicians practice at keck hospital of usc, usc norris cancer hospital, usc verdugo hills hospital, usc arcadia hospital, doheny eye institute, health care centers on the health sciences campus and in downtown los angeles, and at los angeles county & usc medical center and childrens hospital los angeles
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD FOOTBALL COACH Highest compensated employee, 50.0 hrs/week | $11,590,497 | $0 | $212,461 | $11,802,958 |
| SEE SCHEDULE O FOR TITLE Highest compensated employee, 50.0 hrs/week | $5,809,939 | $0 | $294,914 | $6,104,853 |
| PRESIDENT/TRUSTEE Director/trustee, officer, 48.0 hrs/week | $4,077,317 | $0 | $223,977 | $4,301,294 |
| PROFESSOR OF CLINICAL MEDICINE Highest compensated employee, 50.0 hrs/week | $3,880,456 | $0 | $170,110 | $4,050,566 |
| CHAIR & DIST PROG SURGERY Highest compensated employee, 47.5 hrs/week | $3,829,971 | $0 | $130,010 | $3,959,981 |
| SVP, HEALTH AFFAIRS Officer, 38.0 hrs/week | $2,914,082 | $0 | $370,964 | $3,285,046 |
| SEE SCHEDULE O FOR TITLE Highest compensated employee, 47.5 hrs/week | $3,026,895 | $0 | $114,431 | $3,141,326 |
| CEO KECK MEDICINE OF USC Key employee, 36.5 hrs/week | $2,352,451 | $0 | $146,246 | $2,498,697 |
10,741 people received more than $100,000 in reportable compensation from University of Southern California (Part VII, line 2). Compensation of current officers, directors and key employees totaled $31M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked| Filing | Revenue | Expenses | Programs | Net assets | Top pay |
|---|---|---|---|---|---|
| FY2025 ⓘ | $5.93B | $5.59B | 81.5% | $11.3B | $11,802,958 |
| FY2024 ⓘ | $5.58B | $5.54B | 85.3% | $10.3B | $11,537,560 |
| FY2023 ⓘ | $5.12B | $5.08B | 86.2% | $9.57B | $19,659,862 |
| FY2022 (amended) ⓘ | $5.57B | $5.05B | 87.7% | $9.18B | $4,686,865 |
| FY2021 ⓘ | $5.38B | $5.42B | 81.2% | $10.4B | $4,789,082 |
| FY2020 ⓘ | $6.45B | $5.94B | 89.9% | $8.88B | $5,276,566 |
Governance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b39 · 37 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 546,305
Private foundation grants it received
308 private foundations reported grants to University of Southern California totaling $84M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University of Southern California's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Southern California, you can publish a response that is linked from this page.
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Of every $100 University of Southern California spent in FY2025, $81.46 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Washington UniversitySaint Louis, MO · revenue $5.90B · programs 91.9% · FY2025
- University of RochesterRochester, NY · revenue $6.42B · programs 96.4% · FY2025
- University of ChicagoChicago, IL · revenue $5.62B · programs 84.1% · FY2025
- Massachusetts Institute of TechnologyCambridge, MA · revenue $6.74B · programs 80.9% · FY2025
- Emory Group ReturnAtlanta, GA · revenue $4.83B · programs 97.9% · FY2025
Questions people ask
How much of University of Southern California's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Southern California reported that 81.5% of its $5.59 billion in expenses went to program services, 16.6% to management and general and 1.9% to fundraising (Form 990, Part IX).
How much does University of Southern California pay its top executive?
The largest total compensation University of Southern California reported for one person in the fiscal year ending June 30, 2025 was $11,802,958, for the role of HEAD FOOTBALL COACH (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Southern California get its money?
Of $5.93 billion in revenue in the fiscal year ending June 30, 2025, 23.3% came from contributions and grants (including 11.0% from government grants) and 68.7% from program service revenue (Form 990, Part VIII).
Is University of Southern California a registered charity?
The IRS lists EIN 95-1642394 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349304574 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349301822 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421369349305377 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022 (amended), object 202322939349300132 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349304434 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349301298 · read the filing
All filings for EIN 95-1642394: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.