United Negro College Fund Inc

Analysis

United Negro College Fund Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2004, 22 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 March 2024, United Negro College Fund Inc reported income of $250.9m and spending of $195.0m, leaving 22% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $91.1m to $250.9m (+175%), an average of +29% a year. The sharpest change came in the year to March 2021, when income rose by 145%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, United Negro College Fund 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 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include Delaware State University ($250.4m), St Olaf College ($251.6m) and Oclc Inc ($248.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 90% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $3.4m (1.7% of expenses). Other salaries and wages came to $27.7m. It paid $24k in professional fundraising fees. At year end it held assets of $917.0m against liabilities of $67.6m, net assets of $849.5m. It reported 352 employees.