Western Michigan University Foundation

Analysis

Western Michigan University Foundation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in November 1976, 50 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, Western Michigan University Foundation reported income of $47.7m and spending of $60.5m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.1m to $47.7m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 1288%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Michigan University Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include University of Memphis Foundation ($47.6m), College of Our Lady of the Elms ($47.8m) and Sisters of Saint Ann Anna Maria College ($47.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.03bn against liabilities of $0, net assets of $1.03bn.