University of Florida Foundation Inc

Analysis

University of Florida Foundation Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in January 1979, 47 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 Florida Foundation Inc reported income of $200.5m and spending of $244.0m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $148.6m to $200.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Florida Foundation Inc 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 FL. Charities of a similar size with the same main cause include Feinberg Graduate School of the Weizmann Institute of Science ($199.5m), St Lawrence University ($200.6m) and SSP International Inc ($198.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $2.6m (1.1% of expenses). Other salaries and wages came to $13.9m. It paid $883k in professional fundraising fees. At year end it held assets of $2.75bn against liabilities of $65.1m, net assets of $2.68bn. It reported 342 employees.