University of Central Florida Foundation Inc

Analysis

University of Central Florida Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in August 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Central Florida Foundation Inc reported income of $94.1m and spending of $47.7m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $51.4m to $94.1m (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 108%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Central 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 University of Lynchburg ($93.8m), Antelope Valley Learning Academy Inc ($94.1m) and Western Educational Corporation ($93.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $1.3m (2.6% of expenses). Other salaries and wages came to $10.4m. It paid $167k in professional fundraising fees. At year end it held assets of $639.4m against liabilities of $174.2m, net assets of $465.2m.