University Of Louisville Research Foundation Inc: $631.9M Revenue, $589.9M Expenses
Louisville, Kentucky · EIN 611029626 · Filing year 2023
University Of Louisville Research Foundation Inc reported $631.9M in total revenue, $589.9M in total expenses, and $977.3M in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: B (72/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $631.9M
- Total Expenses
- $589.9M
- Total Assets
- $977.3M
- Reserve Months
- 19.9 months
- Surplus / (Deficit)
- $42.0M
- EIN
- 611029626
- Latest 990 Year
- 2023
- Current-Officer Compensation
- Not reported
- Officer Comp % of Revenue
- N/A
University Of Louisville Research Foundation Inc grades a B on the NonprofitTruth efficiency rubric. 72/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
University Of Louisville Research Foundation Inc is a large nonprofit by U.S. standards: $631.9M in 2023 revenue against $589.9M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. On the reserves factor, University Of Louisville Research Foundation Inc scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).
Five-year revenue trajectory is strongly positive: University Of Louisville Research Foundation Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, University Of Louisville Research Foundation Inc 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.
How University Of Louisville Research Foundation Inc Compares
University Of Louisville Research Foundation Inc earns a NonprofitTruth efficiency grade of B (72/100). That is 8 points above the Education category average. The organization holds 19.9 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, University Of Louisville Research Foundation Inc reported $631.9M in revenue against $589.9M in total functional expenses for filing year 2023, holding roughly 19.9 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.
Revenue History
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University Of Louisville Research Foundation Inc has a NonprofitTruth Efficiency Score of B (72/100), 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.
University Of Louisville Research Foundation Inc, Donor FAQ
University Of Louisville Research Foundation Inc has a NonprofitTruth Efficiency Score of B (72/100), 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.
Current-officer compensation for University Of Louisville Research Foundation Inc is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.
University Of Louisville Research Foundation Inc reported $631.9M in annual revenue and $589.9M in total expenses for filing year 2023. The organization holds $977.3M in total assets.
University Of Louisville Research Foundation Inc holds approximately 19.9 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.
University Of Louisville Research Foundation Inc is a registered 501(c) organization with EIN 611029626, based in Louisville, Kentucky. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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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.