Bowie State University Foundation

Analysis

Bowie State University Foundation is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bowie State University Foundation reported income of $15.7m and spending of $9.8m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $15.7m (+623%), an average of +64% a year. The sharpest change came in the year to June 2021, when income rose by 1357%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bowie 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 96th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Jacksonville State University Foundation ($15.7m), Murray State University Foundation ($15.7m) and Chimes International Limited ($15.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $79k (0.8% of expenses). At year end it held assets of $53.6m against liabilities of $1.9m, net assets of $51.7m.