University of Virginia Licensing & Ventures Group

Analysis

University of Virginia Licensing & Ventures Group is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, University of Virginia Licensing & Ventures Group reported income of $10.0m and spending of $10.0m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.7m to $10.0m (+3.1%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 100% 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 Licensing & Ventures Group sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Building Blocks Developmental Preschool Inc ($10.0m), Excelsior Academies Inc ($10.0m) and Harlem Link Charter School ($10.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.0m (10% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $19.0m against liabilities of $17.5m, net assets of $1.5m. It reported 20 employees.