University Impact

Analysis

University Impact is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, University Impact reported income of $97.1m and spending of $18.1m, leaving 81% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $340k to $97.1m (+28449%), an average of +558% a year. The sharpest change came in the year to December 2020, when income rose by 1475%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Impact sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within UT. Charities of a similar size with the same main cause include Austin College ($97.1m), Andrews University ($97.1m) and Archway Charter School of Chester Inc ($97.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 105% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $9,616 (0.1% of expenses). Other salaries and wages came to $517k. At year end it held assets of $135.4m against liabilities of $904k, net assets of $134.5m. It reported 30 employees.