University of Virginia Engineering Foundation Inc

Analysis

University of Virginia Engineering Foundation Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 1960, 66 years ago. 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 Engineering Foundation Inc reported income of $3.9m and spending of $3.3m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $29.2m to $3.9m (-87%), an average of -49% a year. The sharpest change came in the year to June 2021, when income dropped by 86%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Virginia Engineering Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Metro Health Inc ($3.9m), Habitat for Humanity International Inc ($3.9m) and Ascension Health Global Mission ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $70.1m against liabilities of $0, net assets of $70.1m.