UNIVERSITY OF LOUISVILLE ATHLETIC
2215 S BROOK ST, LOUISVILLE, KY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $142,943,056 | $159,367,209 | $74,982,311 |
| FY2024 | $140,748,276 | $154,267,467 | $90,236,564 |
| FY2023 | $136,965,256 | $141,027,942 | $103,373,698 |
| FY2022 | $137,856,827 | $146,484,502 | $108,057,562 |
| FY2021 | $98,698,845 | $103,336,800 | $122,710,376 |
| FY2020 | $126,934,461 | $122,421,563 | $126,332,991 |
| FY2019 | $129,771,344 | $145,362,542 | $122,004,924 |
| FY2018 | $108,173,653 | $122,278,141 | $137,091,723 |
| FY2017 | $120,473,251 | $107,623,045 | $153,725,035 |
| FY2016 | $112,948,887 | $106,076,581 | $139,973,788 |
| FY2015 | $105,932,878 | $97,877,195 | $137,811,600 |
| FY2014 | $100,813,098 | $88,929,949 | $132,276,001 |
| FY2013 | $89,236,452 | $86,555,073 | $118,847,919 |
| FY2012 | $77,572,602 | $74,884,770 | $117,241,147 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $35,705,135 | 29% |
| Program service revenue | $85,983,708 | 71% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $150,108,089 | 94% |
| Management & general | $7,400,479 | 5% |
| Fundraising | $1,858,641 | 1% |
What the numbers show
- Program service revenue made up 71% of total revenue in FY2025.
- Program services accounted for 94% of functional expenses, management & general 5%, and fundraising 1%.
- 94% of functional expenses went to program services in FY2025. That is higher than 85.7% of 223 Recreation & Sports organizations nationwide (too few in KY for a state comparison).
- Net assets covered about 5.6 months of expenses at the end of the reporting year. That puts it in the 35th percentile among 320 Recreation & Sports organizations in KY.
- Total revenue was higher than 100.3% of 320 Recreation & Sports organizations in KY.
- Total revenue rose from $77,572,602 in FY2012 to $142,943,056 in FY2025, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2018, FY2019, FY2021, FY2022, FY2023, FY2024, FY2025).
- Net assets declined from $117,241,147 to $74,982,311 between FY2012 and FY2025.
- Contributions and grants made up 45% of revenue in FY2012 and 25% in FY2025.
- Donations may be deductible (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
The University of Louisville Athletic Association is organized to develop intercollegiate athletic teams composed of students of the University of Louisville and to schedule and manage intercollegiate athletic contests, all in the harmony with and in subjection to the general education policy of
IRS status
| Ruling year | 1984 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | N030 — Recreation & Sports |
| Donations | Donations may be deductible (supporting organization, type unspecified). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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