Washburn University Foundation

Analysis

Washburn University Foundation is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in June 1944, 82 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 2024, Washburn University Foundation reported income of $34.6m and spending of $19.5m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $17.0m to $34.6m (+103%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 89%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washburn University Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within KS. Charities of a similar size with the same main cause include Cate School ($34.6m), Asbury Theological Seminary ($34.6m) and Mast Community Charter School II ($34.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $365k (1.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $246.3m against liabilities of $41.9m, net assets of $204.4m. It reported 60 employees.