Skip to main content
NonprofitTruth
Education · 2023 Form 990

Indiana University Foundation: $426.1M Revenue, $261.1M Expenses

Bloomington, Indiana · EIN 356018940 · Filing year 2023

Indiana University Foundation reported $426.1M in total revenue, $261.1M in total expenses, and $4.2B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $5.7M (1.35% of revenue). NonprofitTruth efficiency grade: C (58/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
58/100

Key Facts (2023 Form 990)

Total Revenue
$426.1M
Total Expenses
$261.1M
Total Assets
$4.2B
Reserve Months
192.1 months
Surplus / (Deficit)
$165.0M
EIN
356018940
Latest 990 Year
2023
Current-Officer Compensation
$5.7M
Officer Comp % of Revenue
1.35%

Indiana University Foundation earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 58/100.

Annual revenue at Indiana University Foundation runs $426.1M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. On the financial-health factor, Indiana University Foundation runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Five-year revenue trajectory is strongly positive: Indiana University Foundation has grown materially in real terms, which usually signals successful fundraising and program expansion. Officer compensation is modest relative to organizational size: Indiana University Foundation reports $5.7M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $426.1M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Indiana University Foundation sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$426.1M
Revenue
$261.1M
Expenses
$4.2B
Total Assets
$5.7M
Officer Compensation

How Indiana University Foundation Compares

Indiana University Foundation earns a NonprofitTruth efficiency grade of C (58/100). That is 6 points below the Education category average. Compensation for current officers and key employees represents 1.35% of total revenue. The organization holds 192.1 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$261.1M
Total Expenses
Filing year 2023
$5.7M
Officer Compensation
1.35% of revenue
192.1 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Indiana University Foundation reported $426.1M in revenue against $261.1M in total functional expenses for filing year 2023, holding roughly 192.1 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $5.7M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.35% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

Get Indiana University Foundation's next Form 990 grade

Subscribe for NonprofitTruth updates by email. No spam, unsubscribe anytime.


Indiana University Foundation has a NonprofitTruth Efficiency Score of C (58/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Indiana University Foundation, Donor FAQ

Indiana University Foundation has a NonprofitTruth Efficiency Score of C (58/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Indiana University Foundation reports $5.7M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.35% of the organization's $426.1M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Indiana University Foundation reported $426.1M in annual revenue and $261.1M in total expenses for filing year 2023. The organization holds $4.2B in total assets.

Indiana University Foundation holds approximately 192.1 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Indiana University Foundation is a registered 501(c) organization with EIN 356018940, based in Bloomington, Indiana. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.