Trustees of Purdue University

Analysis

Trustees of Purdue University is a registered charity in United States, based in Columbus, 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 September 2023, Trustees of Purdue University reported income of $479k and spending of $579k, spending 121% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income grew from $393k to $479k (+22%), an average of +6.8% a year. The sharpest change came in the year to September 2022, when income rose by 608%. Over the whole period it spent 119% 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 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include South Mountains Christian Youth Camp ($479k), Great Plains Vo-Tech Foundation Inc ($479k) and Unique Services Incorporated ($479k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.3% and program service revenue 73% of the total. Other salaries and wages came to $64k. At year end it held assets of $907k against liabilities of $0, net assets of $907k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.