University of Louisville Foundation Inc

Analysis

University of Louisville Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Louisville Foundation Inc reported income of $52.8m and spending of $79.4m, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $57.4m to $52.8m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 133% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Louisville Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Tabor Academy ($52.8m), Kyiv School of Economics ($52.8m) and Isana ($52.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $362k (0.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.06bn against liabilities of $62.1m, net assets of $994.9m. It reported 18 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.