Towson University Foundation Inc

Analysis

Towson University Foundation Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in December 1970, 56 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, Towson University Foundation Inc reported income of $15.2m and spending of $9.3m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $15.2m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 132%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Towson University Foundation Inc 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 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Santa Fe Preparatory School ($15.2m), Hawthorn Academy ($15.2m) and Kipp Kansas City ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $158k (1.7% of expenses). Other salaries and wages came to $239k. At year end it held assets of $112.0m against liabilities of $3.3m, net assets of $108.7m. It reported 4 employees.