Fayetteville State University Foundation Inc

Analysis

Fayetteville State University Foundation Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in August 1911, 115 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, Fayetteville State University Foundation Inc reported income of $5.5m and spending of $5.2m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $5.5m (+184%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fayetteville State University Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Tupelo Christian Preparatory School Inc ($5.5m), Groveport Madison Christian School ($5.5m) and Harmony DC Public Charter Schools ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 24% of the total. At year end it held assets of $26.6m against liabilities of $9.6m, net assets of $17.0m.