Msu Foundation Inc

Analysis

Msu Foundation Inc is a registered charity in United States, based in Morehead, KY. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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, Msu Foundation Inc reported income of $10.2m and spending of $6.7m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.8m to $10.2m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to June 2024, when income rose by 57%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Msu Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Goodwill Industries of Mississippi Inc ($10.2m), Childsavers-Memorial Child Guidance Clinic ($10.2m) and Community Action for Improvement Inc ($10.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $224k. At year end it held assets of $85.0m against liabilities of $13.2m, net assets of $71.8m. It reported 1 employees.