Kutztown University Foundation

Analysis

Kutztown University Foundation is a registered charity in United States, based in Kutztown, PA. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kutztown University Foundation reported income of $10.9m and spending of $9.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.1m to $10.9m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kutztown University Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Ohio & Erie Canalway Coalition ($10.8m), The National Museum of African American Music ($10.9m) and Heard Museum ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $492k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $79.6m against liabilities of $25.2m, net assets of $54.3m. It reported 50 employees.