University of Northern Iowa Foundation

Analysis

University of Northern Iowa Foundation is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in January 1961, 65 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, University of Northern Iowa Foundation reported income of $54.3m and spending of $24.5m, leaving 55% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $21.6m to $54.3m (+151%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 47%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Northern Iowa Foundation 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 Latin School of Chicago ($54.2m), Hastings College ($54.3m) and Montreat College ($54.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $1.3m (5.3% of expenses). It paid $317k in professional fundraising fees. At year end it held assets of $266.4m against liabilities of $4.2m, net assets of $262.2m. It reported 46 employees.