The Bloomsburg University Foundation Inc

Analysis

The Bloomsburg University Foundation Inc is a registered charity in United States, based in Bloomsburg, PA. It received its IRS tax-exemption ruling in May 1971, 55 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, The Bloomsburg University Foundation Inc reported income of $18.9m and spending of $9.7m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.8m to $18.9m (+93%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 156%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Bloomsburg University 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 96th percentile within PA. Charities of a similar size with the same main cause include NMC Inc ($18.9m), Marshall University Real Estate Foundation Inc ($18.9m) and Central Queens Academy Charter School ($18.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $264k (2.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $111.1m against liabilities of $16.8m, net assets of $94.3m. It reported 59 employees.