University of Cape Town Fund Inc

Analysis

University of Cape Town Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University of Cape Town Fund Inc reported income of $2.5m and spending of $2.1m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $2.5m (+459%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 616%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, University of Cape Town Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Foundation for Management Education in Central America ($2.5m), The Vellore Christian Medical College Foundation Inc ($2.5m) and Advance Armenia Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $920k against liabilities of $25k, net assets of $895k.