University of Iowa Research Foundation

Analysis

University of Iowa Research Foundation is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in August 1975, 51 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Iowa Research Foundation reported income of $3.7m and spending of $5.1m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.7m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Iowa Research Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Dixon Old Peoples Home Fund ($3.7m), Awareness Society a New Jersey Nonprofit Corporation ($3.7m) and Easter Seal Society of South Carolina Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $348k (6.8% of expenses). Other salaries and wages came to $730k. At year end it held assets of $9.8m against liabilities of $2.2m, net assets of $7.7m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.