University of Rio Grande

Analysis

University of Rio Grande is a registered charity in United States, based in Rio Grande, OH. It received its IRS tax-exemption ruling in February 1945, 81 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Rio Grande reported income of $26.7m and spending of $27.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.1m to $26.7m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Rio Grande sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include James Island Charter High School ($26.7m), Southwest Christian School Inc ($26.7m) and Unbounded Learning Inc ($26.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.0m (3.8% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $40.6m against liabilities of $7.5m, net assets of $33.1m. It reported 563 employees.