Samuel Merritt University
525 12th St, Oakland, CA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $134,762,793 | $109,097,319 | $319,937,462 |
| FY2023 | $113,903,074 | $107,618,804 | $295,979,774 |
| FY2022 | $160,500,692 | $97,421,535 | $268,745,795 |
| FY2021 | $118,517,115 | $94,937,752 | $286,084,359 |
| FY2020 | $96,604,851 | $92,834,661 | $255,256,727 |
| FY2019 | $95,796,085 | $85,252,397 | $231,260,312 |
| FY2018 | $94,607,314 | $87,708,456 | $196,579,543 |
| FY2017 | $90,520,117 | $81,051,594 | $201,944,006 |
| FY2016 | $79,797,046 | $73,204,476 | $175,462,681 |
| FY2015 | $71,035,655 | $67,652,723 | $161,676,186 |
| FY2014 | $71,124,886 | $58,038,248 | $164,147,641 |
| FY2013 | $63,855,697 | $54,050,849 | $148,290,227 |
| FY2012 | $61,617,966 | $51,664,089 | $128,395,765 |
| FY2011 | $58,135,769 | $48,836,857 | $108,915,589 |
Form 990 filings
The returns filed by Samuel Merritt University (EIN 94-2992642), 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 | $8,289,955 | 6% |
| Program service revenue | $99,627,074 | 74% |
| Other revenue | $26,845,764 | 20% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $82,930,309 | 76% |
| Management & general | $23,724,152 | 22% |
| Fundraising | $2,442,858 | 2% |
What the numbers show
- Program service revenue made up 74% of total revenue in FY2024.
- Program services accounted for 76% of functional expenses, management & general 22%, and fundraising 2%.
- 76% of functional expenses went to program services in FY2024. That is higher than 20.3% of 581 Education organizations in CA.
- Net assets covered about 35.2 months of expenses at the end of the reporting year. That puts it in the 75th percentile among 7211 Education organizations in CA.
- Total revenue was higher than 99.5% of 7388 Education organizations in CA.
- Total revenue rose from $58,135,769 in FY2011 to $134,762,793 in FY2024. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- The highest revenue on record here is $160,500,692 in FY2022.
- Net assets grew from $108,915,589 to $319,937,462 between FY2011 and FY2024.
- 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
Samuel Merritt University educates students to become highly skilled and compassionate health care professionals who positively transform the experience of care in diverse communities.
IRS status
| Ruling year | 1986 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B500 — 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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