Kansas University Endowment Assoc

Analysis

Kansas University Endowment Assoc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in December 1934, 92 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, Kansas University Endowment Assoc reported income of $302.3m and spending of $236.2m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $354.5m to $302.3m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kansas University Endowment Assoc sits at the 100th 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 KS. Charities of a similar size with the same main cause include Azusa Pacific University ($301.8m), Bard College ($304.0m) and University of Tulsa ($301.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $6.1m (2.6% of expenses). Other salaries and wages came to $9.4m. It paid $734k in professional fundraising fees. At year end it held assets of $2.87bn against liabilities of $134.8m, net assets of $2.73bn. It reported 230 employees.