Upper Iowa University

Analysis

Upper Iowa University is a registered charity in United States, based in Fayette, IA. It received its IRS tax-exemption ruling in August 1955, 71 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, Upper Iowa University reported income of $53.9m and spending of $63.7m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $68.6m to $53.9m (-21%), an average of -5.8% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Upper Iowa University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include John Cabot University ($53.9m), Westminster College ($53.9m) and Miami Dade College Foundation Inc ($53.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $437k (0.7% of expenses). Other salaries and wages came to $19.8m. It paid $94k in professional fundraising fees. At year end it held assets of $108.8m against liabilities of $83.4m, net assets of $25.4m. It reported 1,150 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.