Univest Foundation

Analysis

Univest Foundation is a registered charity in United States, based in Souderton, PA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Univest Foundation reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.9m to $1.1m (-42%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Univest Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include United Way of the Northwest Alabama Inc ($1.1m), Council of New Jersey Grantmakers Inc ($1.1m) and Bedlam Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 8.8% of the total. At year end it held assets of $13.2m against liabilities of $5.4m, net assets of $7.9m.