North Dakota State University Foundation

Analysis

North Dakota State University Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in July 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 December 2023, North Dakota State University Foundation reported income of $69.0m and spending of $51.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $103.8m to $69.0m (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2021, when income rose by 571%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Dakota State University Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within ND. Charities of a similar size with the same main cause include Bank Street College of Education ($68.7m), Colby-Sawyer College ($69.1m) and Prager University Foundation ($68.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $687k (1.3% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $627.4m against liabilities of $52.5m, net assets of $574.9m. It reported 63 employees.