University Radio Foundation Inc

Analysis

University Radio Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Radio Foundation Inc reported income of $7.1m and spending of $8.8m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.3m to $7.1m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, University Radio Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Public Broadcasting Council of Central New York Inc Old Liverpool ($7.1m), Arts Council of Indianapolis Inc ($7.1m) and Academy of Television Arts & Sciences Foundation ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $735k (8.4% of expenses). Other salaries and wages came to $4.1m. It paid $304k in professional fundraising fees. At year end it held assets of $7.1m against liabilities of $2.6m, net assets of $4.5m. It reported 67 employees.