University Services Inc

Analysis

University Services Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Services Inc reported income of $3.4m and spending of $3.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.4m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Aca Education Services ($3.4m), Rockwell Charter High School ($3.4m) and Institute of Technology Andacademics ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 26% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $8.4m, net assets of -$3.3m. It reported 58 employees.