The University Foundation

Analysis

The University Foundation is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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 September 2023, The University Foundation reported income of $410k and spending of $708k, spending 173% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $311k to $410k (+32%), an average of +7.1% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The University Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($410k), Salvation Army Seattle Residences Inc ($410k) and Parkinson Association of Northern California ($410k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.4m against liabilities of $65k, net assets of $1.4m.