Western Connecticut State University Foundation Inc

Analysis

Western Connecticut State University Foundation Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in June 1972, 54 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 2024, Western Connecticut State University Foundation Inc reported income of $2.9m and spending of $1.8m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.9m to $2.9m (-51%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 59%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Connecticut 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 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Maine Academy of Natural Sciences ($2.9m), Matthews Center for Visual Learning ($2.9m) and F O C U S Family of Communities United in Service Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $32.7m against liabilities of $55k, net assets of $32.7m.