Friends of the University of Stellenbosch Foundation

Analysis

Friends of the University of Stellenbosch Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2000, 26 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 December 2023, Friends of the University of Stellenbosch Foundation reported income of $251k and spending of $254k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $251k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the University of Stellenbosch Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Fairfield Child Development Center ($251k), Parent Association of West End Secondary School Incorporated ($251k) and Reading to Kids ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.