Central State University Innovation and Development Foundation

Analysis

Central State University Innovation and Development Foundation is a registered charity in United States, based in Wilberforce, OH. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Central State University Innovation and Development Foundation reported income of $1.7m and spending of $443k, leaving 75% of income unspent that year. Across the 2 years on record, from June 2021 to June 2022, income grew from $644k to $1.7m (+171%), an average of +171% a year. The sharpest change came in the year to June 2022, when income rose by 171%. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central State University Innovation and Development Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Mount Carmel Academy ($1.7m), One Stone Inc ($1.7m) and Notley Impact ($1.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.6m against liabilities of $439k, net assets of $2.2m.