Kansas State University Foundation

Analysis

Kansas State University Foundation is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in March 1945, 81 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 State University Foundation reported income of $185.3m and spending of $139.7m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $164.6m to $185.3m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kansas State University Foundation 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 Oral Roberts University ($184.0m), Year Up Inc ($186.2m) and Iona University ($183.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $2.3m (1.7% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $1.34bn against liabilities of $113.0m, net assets of $1.22bn. It reported 236 employees.