Winthrop University Foundation

Analysis

Winthrop University Foundation is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in April 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 December 2023, Winthrop University Foundation reported income of $5.2m and spending of $5.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.2m to $5.2m (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Winthrop 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, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Michigan Colleges Alliance ($5.2m), Weatherford Christian School ($5.2m) and Long Beach Day Nursery ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $356k (6.8% of expenses). Other salaries and wages came to $327k. At year end it held assets of $82.8m against liabilities of $1.4m, net assets of $81.4m. It reported 6 employees.