Midwestern University Foundation

Analysis

Midwestern University Foundation is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in July 1994, 32 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, Midwestern University Foundation reported income of $3.8m and spending of $3.1m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.8m (+151%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midwestern University Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Pilgrim Tower East ($3.8m), Northwest Kansas Area Agency on Aging Inc ($3.8m) and Westchester Visiting Nurse Services Group Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 64% of the total. At year end it held assets of $88.7m against liabilities of $80.4m, net assets of $8.3m.