Radford University Foundation Inc

Analysis

Radford University Foundation Inc is a registered charity in United States, based in Radford, VA. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Radford University Foundation Inc reported income of $8.1m and spending of $6.0m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.0m to $8.1m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2020, when income rose by 72%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Radford University Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include The Palm Beach State College FDN Inc ($8.1m), Summit Academy Inc ($8.1m) and Treasure Valley Classical Academy Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $325k (5.4% of expenses). Other salaries and wages came to $134k. At year end it held assets of $110.6m against liabilities of $15.4m, net assets of $95.2m. It reported 7 employees.