Kent State University Foundation

Analysis

Kent State University Foundation is a registered charity in United States, based in Kent, OH. It received its IRS tax-exemption ruling in December 1966, 60 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, Kent State University Foundation reported income of $24.3m and spending of $28.1m, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $29.1m to $24.3m (-17%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kent State University Foundation 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 98th percentile within OH. Charities of a similar size with the same main cause include California Institute of Advanced Management ($24.3m), Tacony Neighborhood Charter School ($24.3m) and Atlas Preparatory School Inc ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $315.8m against liabilities of $23.9m, net assets of $291.9m.