The University Corporation

Analysis

The University Corporation is a registered charity in United States, based in Northridge, CA. It received its IRS tax-exemption ruling in July 1960, 66 years ago. 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, The University Corporation reported income of $47.0m and spending of $45.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $57.1m to $47.0m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The University Corporation 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 Frick Collection ($47.0m), Access Foster Care and Adoption ($47.1m) and Presence Life Connections ($46.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $291k (0.6% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $77.7m against liabilities of $24.1m, net assets of $53.6m. It reported 1,133 employees.