University Economic Development Association Inc

Analysis

University Economic Development Association Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in February 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University Economic Development Association Inc reported income of $547k and spending of $522k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $547k (+155%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Economic Development Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Beverly Glen Playgroup Inc ($547k), Development Outreach Inc ($547k) and BH Grand River Southfield Inc ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $177k against liabilities of $73k, net assets of $105k.