Kennesaw State University Foundation Inc

Analysis

Kennesaw State University Foundation Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kennesaw State University Foundation Inc reported income of $59.1m and spending of $52.9m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $50.2m to $59.1m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 52%. 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, Kennesaw State University Foundation Inc 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 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Bronx Charter School for Excellence ($59.1m), Southwestern Law School ($59.3m) and Detroit Country Day School ($59.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 62% of the total. At year end it held assets of $500.6m against liabilities of $335.8m, net assets of $164.9m.