Trustees of Purdue University

Analysis

Trustees of Purdue University is a registered charity in United States, based in Corydon, 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 December 2023, Trustees of Purdue University reported income of $232k and spending of $249k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $259k to $232k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 103% 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 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Park District Foundation of Allen County ($232k), Doorae Community Movement ($232k) and Trustees of the Free Public Library of the Borough of Pennington ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $582k against liabilities of $0, net assets of $582k.

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.