Mayville State University Foundation

Analysis

Mayville State University Foundation is a registered charity in United States, based in Mayville, ND. It received its IRS tax-exemption ruling in June 1964, 62 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, Mayville State University Foundation reported income of $1.8m and spending of $1.3m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.8m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mayville State University Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within ND. Charities of a similar size with the same main cause include Visiting Nurse Association of Cleveland Hospice ($1.8m), International Association of Sheet Metal Air Rail & Transporation ($1.8m) and Mercy Health Foundation Joplin ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $57k (4.3% of expenses). Other salaries and wages came to $115k. At year end it held assets of $14.1m against liabilities of $763k, net assets of $13.3m. It reported 3 employees.