Southern Connecticut State University Foundation Inc

Analysis

Southern Connecticut State University Foundation Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in September 1972, 54 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, Southern Connecticut State University Foundation Inc reported income of $5.0m and spending of $5.2m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.9m to $5.0m (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Connecticut State University Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Gateway Charter School ($5.0m), Philadelphia Montessori Charter School ($5.0m) and Harry S Truman Library Institute for National & International Affai ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 1.7% of the total. At year end it held assets of $54.8m against liabilities of $1.1m, net assets of $53.8m.