University of the People

Analysis

University of the People is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2010, 16 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 August 2023, University of the People reported income of $18.7m and spending of $18.0m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.5m to $18.7m (+121%), an average of +22% a year. The sharpest change came in the year to August 2020, when income rose by 61%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of the People sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within DE. Charities of a similar size with the same main cause include New Mexico Educational Assistance Foundation ($18.7m), Vision Y Compromiso ($18.7m) and Paul Cuffee School ($18.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.2m (6.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $13.0m against liabilities of $3.3m, net assets of $9.7m. It reported 24 employees.