University of Virginia McIntire School of Commerce Foundation

Analysis

University of Virginia McIntire School of Commerce Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in September 1980, 46 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 2024, University of Virginia McIntire School of Commerce Foundation reported income of $39.6m and spending of $17.8m, leaving 55% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $29.5m to $39.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2024, when income rose by 104%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Virginia McIntire School of Commerce 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 VA. Charities of a similar size with the same main cause include University of Idaho Foundation Inc ($39.6m), Eec ($39.6m) and Paul Smiths College of Arts and Sciences ($39.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $166k (0.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $194.1m against liabilities of $176k, net assets of $194.0m. It reported 27 employees.