Purdue University Fort Wayne Foundation Inc

Analysis

Purdue University Fort Wayne Foundation Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in April 1971, 55 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Purdue University Fort Wayne Foundation Inc reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.4m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Purdue University Fort Wayne Foundation Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include St Andrew Bay Center Inc ($2.4m), St Dominic Gardens Inc ($2.4m) and Pequannock Township Senior Citizens Housing Corp ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $20.4m against liabilities of $414k, net assets of $20.0m.