University Corporation for Advanced Internet Development

Analysis

University Corporation for Advanced Internet Development is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University Corporation for Advanced Internet Development reported income of $77.3m and spending of $66.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75.0m to $77.3m (+3.1%), an average of +0.8% a year. Over the whole period it spent 92% 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 Corporation for Advanced Internet Development sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include The Musical Arts Association ($76.8m), New York City Ballet Inc ($77.4m) and US Civilian Research and Development Foundation ($76.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.2m (3.3% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $151.2m against liabilities of $82.3m, net assets of $68.9m. It reported 153 employees.