University of Virginia Investment Management Company

Analysis

University of Virginia Investment Management Company is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 2005, 21 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 Investment Management Company reported income of $355.3m and spending of $32.2m, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $745.5m to $355.3m (-52%), an average of -17% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 3.6% 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 Investment Management Company sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Bowdoin College ($355.2m), Ithaca College ($358.1m) and Ohio State University Foundation ($353.8m).

Compensation of current officers, directors and key employees was $14.6m (45% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $13.88bn against liabilities of $13.86bn, net assets of $19.4m. It reported 62 employees.