Foundation for Indiana University of Pennsylvania

Analysis

Foundation for Indiana University of Pennsylvania is a registered charity in United States, based in Indiana, PA. It received its IRS tax-exemption ruling in January 1968, 58 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 2024, Foundation for Indiana University of Pennsylvania reported income of $24.3m and spending of $18.3m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $29.6m to $24.3m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Indiana University of Pennsylvania sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Florida State University Research Foundation Inc ($24.2m), Atlas Preparatory School Inc ($24.3m) and Langley School Inc ($24.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $291k (1.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $242.6m against liabilities of $118.1m, net assets of $124.5m. It reported 9 employees.