University Enterprise Services

Analysis

University Enterprise Services is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University Enterprise Services reported income of $6.4m and spending of $6.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Enterprise Services sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include University of Maryland Baltimore Washington Medical System Inc ($6.4m), Habitat for Humanity of Summit County Inc ($6.4m) and Virginia Baptist Homes Foundation Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $844k. At year end it held assets of $2.7m against liabilities of $2.7m, net assets of $0. It reported 112 employees.