Westfield State University Foundation Inc

Analysis

Westfield State University Foundation Inc is a registered charity in United States, based in Westfield, MA. It received its IRS tax-exemption ruling in December 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westfield State University Foundation Inc reported income of $2.4m and spending of $1.4m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.4m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 228%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westfield State University Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Heritage Academy of NC Inc ($2.4m), Excel Christian School ($2.4m) and Rochester Beacon Academy ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $18.7m against liabilities of $326k, net assets of $18.4m.