Southwest Minnesota State University Foundation Inc Smsu FDN

Analysis

Southwest Minnesota State University Foundation Inc Smsu FDN is a registered charity in United States, based in Marshall, MN. It received its IRS tax-exemption ruling in September 1965, 61 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, Southwest Minnesota State University Foundation Inc Smsu FDN reported income of $6.3m and spending of $3.7m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.2m to $6.3m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwest Minnesota State University Foundation Inc Smsu FDN sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Robeson County Partnership for Children ($6.3m), Providence Englewood Schoolcorporation ($6.3m) and Southern Illinois University Edwardsville Foundation ($6.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 5.3% of the total. Other salaries and wages came to $333k. At year end it held assets of $30.7m against liabilities of $2.7m, net assets of $28.0m.