Iowa State University Foundation

Analysis

Iowa State University Foundation is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in May 1980, 46 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, Iowa State University Foundation reported income of $147.0m and spending of $153.8m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $160.8m to $147.0m (-8.6%), an average of -2.2% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa State University 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 99th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Baldwin Wallace University ($147.0m), Cooper Union for the Advancement of Science and Art ($147.3m) and Friendship Public Charter School ($146.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $1.8m (1.2% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $1.87bn against liabilities of $38.8m, net assets of $1.84bn. It reported 303 employees.