University of the Cumberlands Inc

Analysis

University of the Cumberlands Inc is a registered charity in United States, based in Williamsburg, KY. It received its IRS tax-exemption ruling in August 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of the Cumberlands Inc reported income of $177.5m and spending of $131.3m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $159.2m to $177.5m (+11%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 19%. 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 the Cumberlands Inc sits at the 99th 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 KY. Charities of a similar size with the same main cause include University of Maryland College Park Foundation Inc ($176.9m), Clark Atlanta University Inc ($177.8m) and West Virginia University Research Corporation ($176.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $2.9m (2.2% of expenses). Other salaries and wages came to $50.9m. At year end it held assets of $550.0m against liabilities of $35.7m, net assets of $514.3m. It reported 2,200 employees.