University of Arkansas Technology Development Foundation

Analysis

University of Arkansas Technology Development Foundation is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, University of Arkansas Technology Development Foundation reported income of $2.7m and spending of $3.6m, spending 132% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $853k to $2.7m (+221%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 515%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, University of Arkansas Technology Development Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within AR. Charities of a similar size with the same main cause include Community Foundation of Grand Forks East Grand Forks and Region ($2.7m), Foundation for the American West ($2.7m) and Access Audio Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $392k. At year end it held assets of $18.0m against liabilities of $10.7m, net assets of $7.4m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.