Purdue Research Foundation

Analysis

Purdue Research Foundation is a registered charity in United States, based in West Lafayette, IN. It received its IRS tax-exemption ruling in March 1931, 95 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, Purdue Research Foundation reported income of $169.4m and spending of $199.2m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $212.5m to $169.4m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Purdue Research 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 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include T H I N K Education ($168.1m), Western New England University ($169.8m) and Wingate University ($167.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $2.1m (1.0% of expenses). Other salaries and wages came to $36.3m. At year end it held assets of $4.44bn against liabilities of $3.14bn, net assets of $1.30bn. It reported 502 employees.