State University of Iowa Foundation

Analysis

State University of Iowa Foundation is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in January 1957, 69 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 2024, State University of Iowa Foundation reported income of $167.6m and spending of $210.2m, spending 125% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $167.8m to $167.6m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, State University of Iowa Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include St Marys College of California ($166.5m), Wingate University ($167.7m) and Concordia University Inc ($166.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $2.6m (1.2% of expenses). Other salaries and wages came to $24.9m. It paid $511k in professional fundraising fees. At year end it held assets of $2.16bn against liabilities of $133.5m, net assets of $2.03bn. It reported 371 employees.