Governors State University Foundation

Analysis

Governors State University Foundation is a registered charity in United States, based in University PK, IL. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Governors State University Foundation reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.8m (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Governors State University Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Digital Theological Library ($1.8m), Trustees of the Free Public Library of the Township of Montville ($1.8m) and John G McCullough Free Library Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 20% of the total. At year end it held assets of $8.8m against liabilities of $556k, net assets of $8.3m.