University of Virginia Law School Foundation

Analysis

University of Virginia Law School Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, University of Virginia Law School Foundation reported income of $51.1m and spending of $37.6m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $27.8m to $51.1m (+84%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 100%. Over the whole period it spent 77% 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 Law School 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 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Youth Connection Charter School ($51.0m), Greenwich Academy Inc ($51.2m) and Geneva College ($51.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $2.3m (6.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $740.1m against liabilities of $447k, net assets of $739.7m. It reported 33 employees.