Trustees of Purdue University

Analysis

Trustees of Purdue University is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 2013, 13 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Trustees of Purdue University reported income of $1.7m and spending of $1.9m, spending 112% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.4m to $1.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to October 2021, when income rose by 426%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trustees of Purdue University sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Sportmens Club of Fort Worth ($1.7m), Comcast Spectacor Charities ($1.7m) and Woodysun Housing Development Fund Corporation ($1.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $159k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 7 employees.