Uwm Foundation Inc

Analysis

Uwm Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1974, 52 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, Uwm Foundation Inc reported income of $26.7m and spending of $26.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.3m to $26.7m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Uwm Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Salem Academy & College ($26.7m), James Irwin Charter Schools ($26.8m) and Midwest Collaborative for Library Services Inc ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $631k (2.4% of expenses). Other salaries and wages came to $303k. At year end it held assets of $242.8m against liabilities of $22.9m, net assets of $219.9m. It reported 36 employees.