Utah Valley University Foundation Inc

Analysis

Utah Valley University Foundation Inc is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Utah Valley University Foundation Inc reported income of $39.7m and spending of $8.2m, leaving 79% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.1m to $39.7m (+163%), an average of +27% a year. The sharpest change came in the year to June 2020, when income rose by 181%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah Valley University Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Freedom Preparatory Academy Inc ($39.7m), American Council on Education ($39.7m) and Tusculum University ($39.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $190.0m against liabilities of $1.5m, net assets of $188.4m.