University of Connecticut Foundation Incorporated

Analysis

University of Connecticut Foundation Incorporated is a registered charity in United States, based in Storrs, CT. It received its IRS tax-exemption ruling in December 1964, 62 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 2022, University of Connecticut Foundation Incorporated reported income of $150.8m and spending of $72.2m, leaving 52% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $68.2m to $150.8m (+121%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Connecticut Foundation Incorporated 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 CT. Charities of a similar size with the same main cause include Wilkes University ($150.8m), George Fox University ($151.7m) and Gustavus Adolphus College ($150.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 38% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $1.0m (1.4% of expenses). Other salaries and wages came to $12.7m. It paid $807k in professional fundraising fees. At year end it held assets of $744.6m against liabilities of $36.9m, net assets of $707.8m. It reported 177 employees.