Minerva University
14 Mint Plaza 3rd Floor, San Francisco, CA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $48,889,079 | $41,557,995 | $23,471,427 |
| FY2024 | $33,041,714 | $41,574,337 | $16,375,070 |
| FY2023 | $49,762,971 | $32,023,798 | $24,907,693 |
| FY2022 | $46,783,165 | $31,743,682 | $7,313,932 |
| FY2021 | $22,500,060 | $29,523,937 | $16,833,090 |
| FY2020 | $54,176,732 | $30,852,434 | $23,557,668 |
| FY2013 | $0 | $0 | $0 |
Form 990 filings
The returns filed by Minerva University (EIN 46-2589747), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $25,841,523 | 53% |
| Program service revenue | $22,360,833 | 46% |
| Other revenue | $686,723 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $37,338,378 | 90% |
| Management & general | $4,036,562 | 10% |
| Fundraising | $183,055 | <1% |
What the numbers show
- Contributions & grants made up 53% of total revenue in FY2025.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2025. That is higher than 77.6% of 581 Education organizations in CA.
- Net assets covered about 6.8 months of expenses at the end of the reporting year. That puts it in the 34th percentile among 7211 Education organizations in CA.
- Total revenue was higher than 97.9% of 7388 Education organizations in CA.
- Total revenue rose from $0 in FY2013 to $48,889,079 in FY2025. Revenue increased in 4 and decreased in 2 of 6 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 7 reported years (FY2021, FY2024).
- The highest revenue on record here is $54,176,732 in FY2020.
- Net assets grew from $0 to $23,471,427 between FY2013 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
ACCREDITED PRIVATE NON-PROFIT UNIVERSITY OFFERING DEGREES IN UNDERGRADUTE AND GRADUATE PROGRAMS
IRS status
| Ruling year | 2015 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B43 — Education (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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