Bemidji State University Alumni and Foundation

Analysis

Bemidji State University Alumni and Foundation is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in April 1970, 56 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 2024, Bemidji State University Alumni and Foundation reported income of $7.7m and spending of $3.6m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.0m to $7.7m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 164%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bemidji State University Alumni and Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Equity in Education Coalition ($7.7m), Oakland Hebrew Day School ($7.7m) and Ronald Wilson Reagan Academy ($7.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $800k. It paid $177k in professional fundraising fees. At year end it held assets of $45.8m against liabilities of $144k, net assets of $45.6m. It reported 10 employees.