Culver Educational Foundation

Analysis

Culver Educational Foundation is a registered charity in United States, based in Culver, IN. It received its IRS tax-exemption ruling in July 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Culver Educational Foundation reported income of $96.4m and spending of $95.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $100.6m to $96.4m (-4.2%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income rose by 243%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Culver Educational Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include National Student Clearinghouse ($96.3m), Uw Physicians Network ($96.8m) and Benedictine University ($96.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $538k (0.6% of expenses). Other salaries and wages came to $27.1m. At year end it held assets of $971.1m against liabilities of $79.8m, net assets of $891.3m. It reported 1,066 employees.