National University Foundation

Analysis

National University Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National University Foundation reported income of $103.8m and spending of $115.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.7m to $103.8m (+127%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National University Foundation sits at the 99th 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 99th percentile within CA. Charities of a similar size with the same main cause include Wake Forest University Health Sciences Group Return ($103.2m), Harvard Private Capital Realty Inc ($103.8m) and Pitzer College ($103.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $3.1m (2.7% of expenses). Other salaries and wages came to $50.4m. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1,456 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.