University of Florida Investment Corporation

Analysis

University of Florida Investment Corporation is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, University of Florida Investment Corporation reported income of $6.6m and spending of $6.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.6m (+33%), an average of +7.5% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Florida Investment Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Manara Academy Inc ($6.6m), University Student Center of California State Univ Stanislaus ($6.6m) and Strategic Ohio Council for Higher Education ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.1m (32% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $8.7m against liabilities of $8.5m, net assets of $255k. It reported 13 employees.