Bishops University Foundation

Analysis

Bishops University Foundation is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending April 2024, Bishops University Foundation reported income of $5.2m and spending of $5.3m, spending 102% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $7.5m to $5.2m (-31%), an average of -8.8% a year. The sharpest change came in the year to April 2022, when income rose by 105%. 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, Bishops University Foundation 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. Charities of a similar size with the same main cause include Wyeast Mountain Academy Inc ($5.2m), Urban Montessori ($5.2m) and Afia Holding Company ($5.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 53% of the total. At year end it held assets of $61.6m against liabilities of $1.4m, net assets of $60.2m.