Slippery Rock University Foundation Inc

Analysis

Slippery Rock University Foundation Inc is a registered charity in United States, based in Slippery Rock, PA. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Slippery Rock University Foundation Inc reported income of $4.3m and spending of $4.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.9m to $4.3m (-38%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Slippery Rock University Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Carlisle School ($4.3m), DSST Public Schools Foundation ($4.3m) and University Independent School Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $131k (3.0% of expenses). Other salaries and wages came to $312k. At year end it held assets of $49.3m against liabilities of $311k, net assets of $49.0m. It reported 6 employees.