University Research Foundation Inc

Analysis

University Research Foundation Inc is a registered charity in United States, based in Millersville, MD. It received its IRS tax-exemption ruling in May 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, University Research Foundation Inc reported income of $1.6m and spending of $2.2m, spending 136% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $1.7m to $1.6m (-7.4%), an average of -3.8% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Research Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Desire Community Housing Corporation ($1.6m), Ozanam Geriatric Foundation ($1.6m) and Spartanburg Humane Society Inc ($1.6m).

On its Form 990 for the period ending June 2021, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $600k (27% of expenses). Other salaries and wages came to $885k. At year end it held assets of $2.8m against liabilities of $263k, net assets of $2.6m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.