Shippensburg University Foundation

Analysis

Shippensburg University Foundation is a registered charity in United States, based in Shippensburg, PA. It received its IRS tax-exemption ruling in January 1978, 48 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, Shippensburg University Foundation reported income of $16.0m and spending of $9.4m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.1m to $16.0m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shippensburg University Foundation 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 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Edmund Burke School ($16.0m), Learning Choice Academy ($16.0m) and Liberty Tradition Charter School ($16.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $482k (5.1% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $93.9m against liabilities of $18.1m, net assets of $75.8m. It reported 120 employees.