University City Foundation Inc

Analysis

University City Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University City Foundation Inc reported income of $469k and spending of $477k, spending 102% of its income. Across the 5 years on record, from June 2018 to June 2023, income grew from $199k to $469k (+136%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University City Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Clayton Community Foundation ($469k), Arenac Opportunities Inc ($469k) and Arsag International Inc ($469k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $300k against liabilities of $213k, net assets of $88k.

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.