Vincennes University Foundation Inc

Analysis

Vincennes University Foundation Inc is a registered charity in United States, based in Vincennes, IN. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Vincennes University Foundation Inc reported income of $8.9m and spending of $7.0m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $8.9m (+290%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 575%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vincennes University Foundation Inc 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 IN. Charities of a similar size with the same main cause include Meridian Education Resource Group Inc ($8.9m), Neuse Charter School of Johnston County ($8.9m) and Chicago Waldorf School ($8.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $156k (2.2% of expenses). Other salaries and wages came to $218k. At year end it held assets of $129.7m against liabilities of $72.0m, net assets of $57.8m. It reported 5 employees.