UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC
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 | $659,270,973 | $701,636,925 | $220,338,353 |
| FY2024 | $651,047,384 | $635,018,020 | $266,327,221 |
| FY2023 | $631,925,790 | $589,921,931 | $250,282,658 |
| FY2022 | $675,356,464 | $631,642,385 | $208,280,183 |
| FY2021 | $598,374,107 | $540,984,744 | $157,622,652 |
| FY2020 | $510,749,298 | $440,333,234 | $100,237,589 |
| FY2019 | $462,613,103 | $451,123,965 | $29,821,525 |
| FY2018 | $427,128,688 | $442,272,819 | $18,332,387 |
| FY2017 | $410,360,573 | $422,491,125 | $49,822,348 |
| FY2016 | $410,849,918 | $421,617,479 | $61,952,900 |
| FY2015 | $400,885,976 | $405,948,567 | $72,720,461 |
| FY2014 | $367,392,218 | $383,427,715 | $77,783,052 |
| FY2013 | $347,846,823 | $369,082,174 | $87,539,538 |
| FY2012 | $344,608,802 | $371,929,340 | $113,315,513 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $175,453,223 | 27% |
| Program service revenue | $477,573,437 | 73% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $687,198,531 | 98% |
| Management & general | $14,438,394 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 73% of total revenue in FY2025.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2025. That is higher than 95.5% of 44 Education organizations in KY.
- Net assets covered about 3.8 months of expenses at the end of the reporting year. That puts it in the 20th percentile among 630 Education organizations in KY.
- Total revenue was higher than 100.2% of 643 Education organizations in KY.
- Total revenue rose from $344,608,802 in FY2012 to $659,270,973 in FY2025, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2025).
- The highest revenue on record here is $675,356,464 in FY2022.
- Net assets grew from $113,315,513 to $220,338,353 between FY2012 and FY2025.
- Contributions and grants made up 51% of revenue in FY2012 and 27% 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 Research Foundation is organized for the purpose of promoting and supporting research projects, investigations, clinical services, and other activities relating to the missions of the University of Louisville.
IRS status
| Ruling year | 1984 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B050 — Education |
| Donations | Donations may be deductible (supporting organization, type unspecified). |
Similar organizations
- UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION — LEXINGTON, KY · $496,128,536
- KENTUCKY MEDICAL SERVICES FOUNDATION INC — LEXINGTON, KY · $410,772,197
- UNIVERSITY OF THE CUMBERLANDS INC — WILLIAMSBURG, KY · $229,487,179
- BEREA COLLEGE — BEREA, KY · $212,253,438
- CENTRE COLLEGE OF KENTUCKY — DANVILLE, KY · $139,089,920
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.