University Impact
3507 N University Ave Ste 125, Provo, UT · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $185,438,567 | $44,502,994 | $382,995,281 |
| FY2023 | $128,799,720 | $30,555,462 | $228,769,305 |
| FY2022 | $97,083,151 | $18,086,386 | $134,545,028 |
| FY2021 | $79,609,321 | $10,994,755 | $65,320,060 |
| FY2020 | $5,356,788 | $861,934 | $4,539,425 |
| FY2019 | $340,062 | $355,491 | -$15,429 |
| FY2018 | $309,907 | $284,481 | $78,426 |
Form 990 filings
The returns filed by University Impact (EIN 82-1504018), 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 | $173,748,833 | 94% |
| Program service revenue | $88,295 | <1% |
| Other revenue | $11,601,439 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $43,024,930 | 97% |
| Management & general | $1,173,817 | 3% |
| Fundraising | $304,247 | 1% |
What the numbers show
- Contributions & grants made up 94% of total revenue in FY2024.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 1%.
- 97% of functional expenses went to program services in FY2024. That is the highest share among 39 Education organizations in UT.
- Net assets covered about 103.3 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 413 Education organizations in UT.
- Total revenue was higher than 99.5% of 426 Education organizations in UT.
- Total revenue rose from $309,907 in FY2018 to $185,438,567 in FY2024. Revenue increased in 6 and decreased in 0 of 6 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 7 reported years (FY2019).
- Net assets grew from $78,426 to $382,995,281 between FY2018 and FY2024.
- Contributions and grants made up 100% of revenue in FY2018 and 94% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
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
UNIVERSITY IMPACT (UI) WAS FOUNDED TO BUILD AN ECOSYSTEM THAT CAN ACCELERATE SOLVING THE WORLD'S SOCIAL AND ENVIRONMENTAL PROBLEMS.
IRS status
| Ruling year | 2018 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B19 — Education (in UT) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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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