Eastern Michigan University Foundation

Analysis

Eastern Michigan University Foundation is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in September 1991, 35 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, Eastern Michigan University Foundation reported income of $20.2m and spending of $17.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $20.2m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern Michigan University Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Read Foundation ($20.1m), American Association of School Administrators Inc ($20.2m) and Serving Our Children Inc ($20.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $331k (1.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $106.2m against liabilities of $1.4m, net assets of $104.8m. It reported 39 employees.