Montclair State University Foundation Inc

Analysis

Montclair State University Foundation Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in July 1960, 66 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, Montclair State University Foundation Inc reported income of $15.3m and spending of $10.4m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $15.3m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montclair State University Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Renu Hope Foundation ($15.3m), Saint Johns School ($15.4m) and Citizens Leadership Academy East ($15.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. It paid $108k in professional fundraising fees. At year end it held assets of $119.0m against liabilities of $3.7m, net assets of $115.3m.