University of Cincinnati Foundation

Analysis

University of Cincinnati Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, University of Cincinnati Foundation reported income of $148.3m and spending of $105.7m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $116.0m to $148.3m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, University of Cincinnati Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Community Foundation of New Jersey ($145.9m), St Johns Community Health ($151.3m) and Signatry Charitable Trust ($145.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $2.4m (2.3% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $790.4m against liabilities of $39.1m, net assets of $751.3m. It reported 294 employees.