Pharmacy Foundation of the University of Missouri

Analysis

Pharmacy Foundation of the University of Missouri is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in October 1952, 74 years ago. 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, Pharmacy Foundation of the University of Missouri reported income of $226k and spending of $73k, leaving 68% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $457k to $226k (-51%), an average of -21% a year. The sharpest change came in the year to June 2021, when income dropped by 43%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pharmacy Foundation of the University of Missouri 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 56th percentile, and in the 53rd percentile within MO. Charities of a similar size with the same main cause include Scholarship Foundation of Southwest Georgia Inc ($226k), Broadway Gymnastics Foundation ($226k) and Edward C Smith Civic Center of Lexington Inc ($226k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.9m against liabilities of $39k, net assets of $2.8m.