Ball State University Foundation

Analysis

Ball State University Foundation is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in October 1953, 73 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, Ball State University Foundation reported income of $20.0m and spending of $24.9m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.9m to $20.0m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ball State University Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Kentucky Country Day School Inc ($20.0m), Greensboro College Inc ($20.0m) and Spelman College Special Ventures Fund Inc ($20.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $560k (2.2% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $343.4m against liabilities of $17.6m, net assets of $325.8m. It reported 102 employees.