Fitchburg State University Foundation Inc

Analysis

Fitchburg State University Foundation Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fitchburg State University Foundation Inc reported income of $4.3m and spending of $1.5m, leaving 65% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.3m (+111%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fitchburg State University Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Greenwood Charter School ($4.3m), Great Schools Partnership Inc ($4.3m) and Santa Reparata International School of Art ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 1.6% of the total. At year end it held assets of $31.3m against liabilities of $384k, net assets of $30.9m.