Foundation of the University at Presque Isle

Analysis

Foundation of the University at Presque Isle is a registered charity in United States, based in Presque Isle, ME. 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation of the University at Presque Isle reported income of $321k and spending of $226k, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $304k to $321k (+5.7%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation of the University at Presque Isle sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Nola Nature School Corporation ($321k), Destination Imagination Colorado ($322k) and Morning Glory Enterprises ($321k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $7.1m against liabilities of $0, net assets of $7.1m.