University of Maryland College Park Foundation Inc

Analysis

University of Maryland College Park Foundation Inc is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Maryland College Park Foundation Inc reported income of $176.9m and spending of $65.9m, leaving 63% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $143.3m to $176.9m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Maryland College Park Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include West Virginia University Research Corporation ($176.8m), University of the Cumberlands Inc ($177.5m) and University of Detroit Mercy ($176.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.2% of the total. It paid $236k in professional fundraising fees. At year end it held assets of $1.03bn against liabilities of $5.7m, net assets of $1.02bn.