University of South Florida Foundation Inc

Analysis

University of South Florida Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. 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 South Florida Foundation Inc reported income of $68.5m and spending of $100.4m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $121.2m to $68.5m (-43%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of South Florida Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Concordia University Texas ($68.4m), California State University Long Beach Research Foundation ($68.5m) and University of New Mexico Foundation Incorporated ($68.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 3.3% of the total. At year end it held assets of $837.5m against liabilities of $39.3m, net assets of $798.2m.