University of Louisiana at Monroe Foundation

Analysis

University of Louisiana at Monroe Foundation is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in January 1962, 64 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 Louisiana at Monroe Foundation reported income of $10.8m and spending of $4.1m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $10.8m (+128%), an average of +23% a year. The sharpest change came in the year to June 2022, when income dropped by 108%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Louisiana at Monroe Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Unc-G Excellence Foundation ($10.8m), Dekalb Agriculture Technology & Environment Inc ($10.8m) and Eastern Kentucky Univ Foundation Inc Giltner CRT 007 38 6206718 ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 7.9% of the total. Other salaries and wages came to $781k. At year end it held assets of $91.6m against liabilities of $39.8m, net assets of $51.8m. It reported 5 employees.