University Industry Demonstration Partnership Inc

Analysis

University Industry Demonstration Partnership Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University Industry Demonstration Partnership Inc reported income of $3.7m and spending of $3.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $3.7m (+223%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, University Industry Demonstration Partnership Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Mississippi Museum of Art Inc ($3.7m), Marty Stuart Center Inc ($3.7m) and American Theatre Wing Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $272k (7.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.0m against liabilities of $1.1m, net assets of $898k. It reported 36 employees.