University Center Facilities Corporation V

Analysis

University Center Facilities Corporation V is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in August 2020, 6 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 Center Facilities Corporation V reported income of $1.9m and spending of $2.5m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $468k to $1.9m (+310%), an average of +42% a year. The sharpest change came in the year to June 2020, when income rose by 213%. Over the whole period it spent 170% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Center Facilities Corporation V sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Boys & Girls Club of the Mountain Empire ($1.9m), Lutheran Social Services Group Inc ($1.9m) and Habitat for Humanity International Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $36.2m against liabilities of $40.9m, net assets of -$4.7m.

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.