University of Alberta Foundation USA Inc

Analysis

University of Alberta Foundation USA Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2002, 24 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, University of Alberta Foundation USA Inc reported income of $11.5m and spending of $3.8m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $11.5m (+8156%), an average of +201% a year. The sharpest change came in the year to December 2022, when income rose by 1573%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Alberta Foundation USA Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Workforce Development Institute Inc ($11.5m), Pinnacle Classical Academy ($11.5m) and Teachers Treasures Inc ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10.7m against liabilities of $0, net assets of $10.7m.