University of Louisville Real Estate Foundation

Analysis

University of Louisville Real Estate Foundation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Louisville Real Estate Foundation reported income of $38.5m and spending of $18.1m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $43.3m to $38.5m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2020, when income dropped by 64%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, University of Louisville Real Estate 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 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Lincoln Community Foundation Inc ($38.4m), Stand Up to Cancer ($38.9m) and Dagmar Dolby Fund ($38.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. At year end it held assets of $168.0m against liabilities of $50.6m, net assets of $117.4m.