Associated Universities Inc

Analysis

Associated Universities Inc is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in February 1952, 74 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 September 2023, Associated Universities Inc reported income of $134.2m and spending of $136.1m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $109.7m to $134.2m (+22%), an average of +5.2% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Associated Universities Inc sits at the 100th 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 100th percentile within VA. Charities of a similar size with the same main cause include Analytic Services Inc ($133.4m), The Barack Obama Foundation ($140.6m) and American Psychological Association ($133.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $3.7m (2.7% of expenses). Other salaries and wages came to $67.1m. At year end it held assets of $67.5m against liabilities of $63.8m, net assets of $3.7m. It reported 696 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.