Ursuline Foundation

Analysis

Ursuline Foundation is a registered charity in United States, based in Blue Ash, OH. It received its IRS tax-exemption ruling in January 1989, 37 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, Ursuline Foundation reported income of $1.2m and spending of $946k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $918k to $1.2m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 202430%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ursuline Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Amyotrophic Lateral Sclerosis Association ($1.2m), Safehouse Services ($1.2m) and Jack Hall Kona Memorial ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $17.5m against liabilities of $553k, net assets of $16.9m.