Indiana University Foundation

Analysis

Indiana University Foundation is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in March 1938, 88 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, Indiana University Foundation reported income of $426.1m and spending of $261.1m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $309.5m to $426.1m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana University Foundation sits at the 100th 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 Fairfield University ($424.5m), University of Minnesota Foundation ($428.1m) and Corporation of Gonzaga University ($424.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $5.7m (2.2% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $4.18bn against liabilities of $742.6m, net assets of $3.44bn. It reported 316 employees.