Fort Hays State University Foundation

Analysis

Fort Hays State University Foundation is a registered charity in United States, based in Hays, KS. It received its IRS tax-exemption ruling in October 1966, 60 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, Fort Hays State University Foundation reported income of $16.5m and spending of $10.2m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.5m to $16.5m (-47%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 40%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fort Hays State University Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include Hopeful Journeys Educational Center Inc ($16.5m), Academy of the City Charter School ($16.6m) and National Association for Communitycollege Entrepreneurship Inc ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $400k (3.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $153.3m against liabilities of $262k, net assets of $153.1m. It reported 32 employees.