University of California Irvine Foundation

Analysis

University of California Irvine Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in September 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of California Irvine Foundation reported income of $101.1m and spending of $84.6m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $82.0m to $101.1m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of California Irvine 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 99th percentile within CA. Charities of a similar size with the same main cause include Granada Hills Charter ($101.0m), Iowa Student Loan Liquidity Corp ($101.5m) and University of Virginia Darden School Foundation ($100.8m).

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 $929.8m against liabilities of $4.4m, net assets of $925.5m.