University of Nevada-Reno Foundation

Analysis

University of Nevada-Reno Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in January 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, University of Nevada-Reno Foundation reported income of $151.9m and spending of $43.1m, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.7m to $151.9m (+326%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 155%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Nevada-Reno Foundation 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 NV. Charities of a similar size with the same main cause include George Fox University ($151.7m), Phillips Exeter Academy ($153.6m) and University of Connecticut Foundation Incorporated ($150.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 0.5% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $496.3m against liabilities of $9.9m, net assets of $486.5m.