The University of Iowa Louis Shulman Hillel Foundation

Analysis

The University of Iowa Louis Shulman Hillel Foundation is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. 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 June 2023, The University of Iowa Louis Shulman Hillel Foundation reported income of $352k and spending of $408k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $305k to $352k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The University of Iowa Louis Shulman Hillel Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Odon Thrift Store ($352k), Vietnamese Buddist Congreation of the U S Tu Dam Loving Cloud Temple ($352k) and Tabernacle Rescue Squad Inc ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $82k (20% of expenses). Other salaries and wages came to $107k. At year end it held assets of $1.7m against liabilities of $3,179, net assets of $1.7m. It reported 9 employees.