University Enterprises Inc

Analysis

University Enterprises Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in June 1953, 73 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University Enterprises Inc reported income of $115.2m and spending of $112.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $101.6m to $115.2m (+13%), an average of +3.2% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Enterprises Inc 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 99th percentile within CA. Charities of a similar size with the same main cause include Business Leadership Organized for Catholic Schools ($115.0m), University of St Thomas ($115.5m) and Showa Womens University Inc ($114.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $2.1m (1.9% of expenses). Other salaries and wages came to $43.1m. At year end it held assets of $291.8m against liabilities of $241.2m, net assets of $50.6m. It reported 2,897 employees.