Jackson State University Development Foundation Inc

Analysis

Jackson State University Development Foundation Inc is a registered charity in United States, based in Jackson, MS. 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jackson State University Development Foundation Inc reported income of $17.9m and spending of $11.4m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $17.9m (+72%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 203%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jackson State University Development Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MS. Charities of a similar size with the same main cause include Ypi Charter Schools Inc ($17.9m), International School of Denver Inc ($17.9m) and Cornerstone Charter Academy Inc ($17.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 1.8% of the total. At year end it held assets of $53.5m against liabilities of $6.1m, net assets of $47.3m.