Valley City State University Foundation

Analysis

Valley City State University Foundation is a registered charity in United States, based in Valley City, ND. It received its IRS tax-exemption ruling in October 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Valley City State University Foundation reported income of $9.6m and spending of $3.6m, leaving 63% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $9.6m (+373%), an average of +47% a year. The sharpest change came in the year to June 2024, when income rose by 314%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley City State University Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within ND. Charities of a similar size with the same main cause include Our Lady of the Woods Corporation ($9.6m), University of West Alabama Foundation ($9.6m) and Boy Scouts of America ($9.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $336k. It paid $55k in professional fundraising fees. At year end it held assets of $27.5m against liabilities of $69k, net assets of $27.4m.