Grambling University Foundation Inc

Analysis

Grambling University Foundation Inc is a registered charity in United States, based in Grambling, LA. It received its IRS tax-exemption ruling in November 2013, 13 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, Grambling University Foundation Inc reported income of $3.3m and spending of $2.0m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.3m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to June 2020, when income dropped by 45%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grambling University Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Summit Academy Community School for Alternative Learners ($3.3m), Barton County Junior College Endowment Association ($3.3m) and Peninsula College Fund ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $11.2m against liabilities of $6.4m, net assets of $4.8m.