University of Massachusetts Amherst Foundation Inc

Analysis

University of Massachusetts Amherst Foundation Inc is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in June 2003, 23 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 Massachusetts Amherst Foundation Inc reported income of $7.6m and spending of $7.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $7.6m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 64%. 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 Massachusetts Amherst Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Youth Vision Solutions ($7.6m), Envision Science Academy ($7.6m) and Seven Generations Charter School Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $2.4m against liabilities of $2.4m, net assets of $0. It reported 24 employees.