The University of Toledo Foundation

Analysis

The University of Toledo Foundation is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in July 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The University of Toledo Foundation reported income of $29.9m and spending of $28.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.6m to $29.9m (-5.4%), an average of -1.4% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The University of Toledo Foundation 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 The Mind Trust Inc ($29.9m), Catholic Schools Foundation Inc ($29.9m) and Phoenix Country Day School ($29.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $562k (2.0% of expenses). Other salaries and wages came to $5.1m. It paid $106k in professional fundraising fees. At year end it held assets of $719.0m against liabilities of $324.6m, net assets of $394.4m. It reported 106 employees.