Framingham State University Foundation Inc

Analysis

Framingham State University Foundation Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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 2024, Framingham State University Foundation Inc reported income of $2.1m and spending of $1.8m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.1m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Framingham State University Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Robert & Janice McNair Educational Foundation ($2.1m), Mental Health America of Central Carolinas Inc ($2.1m) and Matthews Help Center ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $16.8m against liabilities of $11k, net assets of $16.8m.