University Impact Charitable TR

Analysis

University Impact Charitable TR is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, University Impact Charitable TR reported income of $8.2m and spending of $3.5m, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $10 to $8.2m (+81599750%), an average of +81599750% a year. The sharpest change came in the year to December 2023, when income rose by 81599750%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, University Impact Charitable TR sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include The Scioto County Area Foundation ($8.2m), Wayne County Indiana Foundation Inc ($8.2m) and United Way of Bucks County ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.