University City Associates Inc New Corp

Analysis

University City Associates Inc New Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1999, 27 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 City Associates Inc New Corp reported income of $7.1m and spending of $5.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $7.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University City Associates Inc New Corp 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 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include International School of Learners and Leaders ($7.1m), Corlears School ($7.1m) and Connetquot Public Library ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $42.0m against liabilities of $26.5m, net assets of $15.4m.