University of Mississippi Foundation

Analysis

University of Mississippi Foundation is a registered charity in United States, based in Oxford, MS. It received its IRS tax-exemption ruling in November 1976, 50 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 2024, University of Mississippi Foundation reported income of $101.9m and spending of $53.3m, leaving 48% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $69.1m to $101.9m (+47%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Mississippi Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MS. Charities of a similar size with the same main cause include Coordinated Behavioral Care Inc ($101.7m), Cal Poly Pomona Foundation Inc ($102.0m) and Iowa Student Loan Liquidity Corp ($101.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $914k (1.7% of expenses). Other salaries and wages came to $2.9m. It paid $307k in professional fundraising fees. At year end it held assets of $824.3m against liabilities of $37.3m, net assets of $787.0m. It reported 18 employees.