University of Massachusetts Foundation Inc

Analysis

University of Massachusetts Foundation Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in March 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, University of Massachusetts Foundation Inc reported income of $113.4m and spending of $46.1m, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.4m to $113.4m (+145%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 452%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Massachusetts Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Scripps College ($113.4m), Gulliver Preparatory School Inc ($113.5m) and Luther College ($113.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $2.2m (4.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.15bn against liabilities of $22.0m, net assets of $1.13bn. It reported 29 employees.