University of Mary Washington Foundation

Analysis

University of Mary Washington Foundation is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in December 1975, 51 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 Mary Washington Foundation reported income of $42.6m and spending of $7.2m, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.9m to $42.6m (+126%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 288%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Mary Washington 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 Durham Academy Inc ($42.6m), Ranken Technical College ($42.7m) and The Achievement Network Ltd ($42.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $621k (8.6% of expenses). Other salaries and wages came to $439k. At year end it held assets of $135.5m against liabilities of $26.6m, net assets of $108.9m. It reported 5 employees.