The Sullivan University System Foundation Inc

Analysis

The Sullivan University System Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Sullivan University System Foundation Inc reported income of $81k and spending of $27k, leaving 67% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $24k to $81k (+236%), an average of +83% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Sullivan University System Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include Marquette Booster Club Inc ($81k), Butler District 53 Parent Teacher Organization ($81k) and Michael R Sadler Foundation ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.