Northern State University Foundation

Analysis

Northern State University Foundation is a registered charity in United States, based in Aberdeen, SD. It received its IRS tax-exemption ruling in February 1969, 57 years ago. 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, Northern State University Foundation reported income of $8.4m and spending of $7.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.5m to $8.4m (-59%), an average of -20% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 153% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern State University Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within SD. Charities of a similar size with the same main cause include Charleston Collegiate School ($8.4m), Bella Natural Womens Care ($8.4m) and Council on Aging Inc Serving St Clair County ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $349k (4.5% of expenses). Other salaries and wages came to $634k. At year end it held assets of $63.5m against liabilities of $12.4m, net assets of $51.1m. It reported 32 employees.