Michigan State University Foundation

Analysis

Michigan State University Foundation is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in May 1991, 35 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 2023, Michigan State University Foundation reported income of $35.7m and spending of $29.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.0m to $35.7m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to June 2021, when income rose by 234%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan State University Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Carroll School Corp ($35.7m), Trustees of the Lawrence Academy at Groton ($35.8m) and Discovery Education Services Inc ($35.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $1.2m (4.0% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $600.4m against liabilities of $79.4m, net assets of $520.9m. It reported 34 employees.