Stockton University Foundation

Analysis

Stockton University Foundation is a registered charity in United States, based in Galloway, NJ. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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, Stockton University Foundation reported income of $5.6m and spending of $3.2m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $5.6m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2020, when income rose by 93%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stockton University Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Boys & Girls Club of the Smoky Mountains Inc ($5.6m), The Sarah Roberts French Home ($5.6m) and Midwest Assistance Program Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. It paid $31k in professional fundraising fees. At year end it held assets of $60.7m against liabilities of $32k, net assets of $60.6m.