University of Virginia Medical School Foundation

Analysis

University of Virginia Medical School Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in September 1972, 54 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 Virginia Medical School Foundation reported income of $9.2m and spending of $6.5m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $9.2m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Virginia Medical School Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Passages America Israel Inc ($9.2m), Jewish Community Day School Inc ($9.2m) and Uw-Platteville Foundation Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $286k (4.4% of expenses). Other salaries and wages came to $640k. At year end it held assets of $129.0m against liabilities of $424k, net assets of $128.5m. It reported 10 employees.