University of Louisville Real Estate Foundation
215 Central Ave Ste 212, Louisville, KY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $34,399,947 | $34,431,897 | $343,408,881 |
| FY2024 | $100,713,374 | $17,225,745 | $201,212,487 |
| FY2023 | $38,491,724 | $18,119,853 | $117,396,721 |
| FY2022 | $30,989,906 | $14,749,762 | $97,126,616 |
| FY2021 | $20,770,834 | $16,972,521 | $80,695,915 |
| FY2020 | $15,434,967 | $15,580,049 | $76,939,854 |
| FY2019 | $43,339,310 | $12,491,121 | $77,811,587 |
| FY2018 | $19,049,918 | $8,198,220 | $42,181,862 |
| FY2017 | $7,476,645 | $10,012,878 | $31,895,017 |
| FY2016 | $62,935,812 | $5,549,378 | $35,115,011 |
| FY2015 | $7,045,648 | $89,635 | $7,287,633 |
Form 990 filings
The returns filed by University of Louisville Real Estate Foundation (EIN 47-2373203), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $8,605,484 | 25% |
| Program service revenue | $20,883,301 | 61% |
| Other revenue | $4,911,162 | 14% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $29,666,847 | 86% |
| Management & general | $4,765,050 | 14% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 61% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 14%, and fundraising 0%.
- 86% of functional expenses went to program services in FY2025. That is higher than 36.6% of 1000 Philanthropy, Voluntarism & Grantmaking Foundations organizations nationwide (too few in KY for a state comparison).
- Net assets covered about 119.7 months of expenses at the end of the reporting year. That puts it in the 55th percentile among 487 Philanthropy, Voluntarism & Grantmaking Foundations organizations in KY.
- Total revenue was higher than 99.2% of 502 Philanthropy, Voluntarism & Grantmaking Foundations organizations in KY.
- Total revenue rose from $7,045,648 in FY2015 to $34,399,947 in FY2025. Revenue increased in 7 and decreased in 3 of 10 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 11 reported years (FY2017, FY2020, FY2025).
- The highest revenue on record here is $100,713,374 in FY2024.
- Net assets grew from $7,287,633 to $343,408,881 between FY2015 and FY2025.
- Contributions and grants made up 100% of revenue in FY2015 and 25% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
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
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T30 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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