University of Western Ontario Foundation Inc

Analysis

University of Western Ontario Foundation Inc is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in April 1961, 65 years ago. 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 April 2023, University of Western Ontario Foundation Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $982k to $2.4m (+144%), an average of +25% a year. The sharpest change came in the year to April 2021, when income rose by 1368%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Western Ontario Foundation Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile. Charities of a similar size with the same main cause include Paterson Task Force for Community Action Inc ($2.4m), J C C Private School Inc ($2.4m) and National Book Foundation Inc ($2.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $61k, net assets of $9,147.

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.