University of Akron Research Foundation

Analysis

University of Akron Research Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, University of Akron Research Foundation reported income of $3.7m and spending of $4.1m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.0m to $3.7m (-7.7%), an average of -2.6% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Akron Research Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Universal Orlando Foundation Inc ($3.7m), Waldorf School of Atlanta ($3.7m) and Honey Creek Community School Corp ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 53% of the total. Other salaries and wages came to $599k. At year end it held assets of $12.2m against liabilities of $4.5m, net assets of $7.7m. It reported 15 employees.