University of Montevallo Foundation

Analysis

University of Montevallo Foundation is a registered charity in United States, based in Montevallo, AL. It received its IRS tax-exemption ruling in August 1979, 47 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 September 2023, University of Montevallo Foundation reported income of $10.6m and spending of $3.5m, leaving 67% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.4m to $10.6m (+139%), an average of +24% a year. The sharpest change came in the year to September 2020, when income rose by 80%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Montevallo Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include The Bertschi School ($10.6m), Heritage Christian University ($10.6m) and University Preparatory Academy ($10.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 3.7% of the total. At year end it held assets of $57.1m against liabilities of $819k, net assets of $56.3m.