Wichita State University Foundation

Analysis

Wichita State University Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 1965, 61 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, Wichita State University Foundation reported income of $38.0m and spending of $30.1m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $67.8m to $38.0m (-44%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wichita State University Foundation sits at the 98th percentile: it is larger than about 98% 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 Truett McConnell University Inc ($38.0m), Center City Public Charter Schools ($38.1m) and Livingstone College ($38.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $537k (1.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $396.0m against liabilities of $17.3m, net assets of $378.7m. It reported 85 employees.