Pennsylvanias State System of Higher Education Foundation

Analysis

Pennsylvanias State System of Higher Education Foundation is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in April 1986, 40 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, Pennsylvanias State System of Higher Education Foundation reported income of $3.6m and spending of $2.6m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $3.6m (+129%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pennsylvanias State System of Higher Education Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include American Academy of Achievement ($3.6m), Semi Foundation ($3.6m) and Atlanta Youth Academies Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $179k (6.8% of expenses). Other salaries and wages came to $248k. At year end it held assets of $11.3m against liabilities of $3.7m, net assets of $7.6m. It reported 5 employees.