University of Virginia Foundation

Analysis

University of Virginia Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in April 1995, 31 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 2023, University of Virginia Foundation reported income of $36.0m and spending of $42.8m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.2m to $36.0m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 106% 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 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 Kipp Enc Public Schools ($36.0m), Centeral Flordia Clinical Practice Organization Inc ($36.1m) and Shattuck-St Marys Schools ($36.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $941k (2.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $513.3m against liabilities of $333.7m, net assets of $179.6m. It reported 46 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.