Elizabeth City State University Foundation

Analysis

Elizabeth City State University Foundation is a registered charity in United States, based in Elizabeth Cty, NC. It received its IRS tax-exemption ruling in June 1971, 55 years ago. 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 2023, Elizabeth City State University Foundation reported income of $2.7m and spending of $2.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.7m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 154% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elizabeth City State University Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Broadcasters Foundation of America ($2.7m), Habitat for Humanity International Inc ($2.7m) and BL Girls Town Jerusalem Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. At year end it held assets of $20.2m against liabilities of $19.2m, net assets of $1.1m.