St Cloud State University Foundation Inc

Analysis

St Cloud State University Foundation Inc is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in October 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Cloud State University Foundation Inc reported income of $4.6m and spending of $5.4m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.4m to $4.6m (-38%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 58%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Cloud State University Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include City of Palms Charter High School Inc ($4.6m), Alief Montessori Community School ($4.6m) and Catawba County Partnership for Children ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $230k (4.3% of expenses). Other salaries and wages came to $756k. It paid $11k in professional fundraising fees. At year end it held assets of $56.0m against liabilities of $424k, net assets of $55.6m.