Salisbury University Foundation Inc

Analysis

Salisbury University Foundation Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in January 1979, 47 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, Salisbury University Foundation Inc reported income of $7.8m and spending of $5.4m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.9m to $7.8m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salisbury University Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Rudolf Steiner School Association of Ann Arbor ($7.8m), Encompass Resources for Learning Inc ($7.8m) and The Weiss Gifted and Talented Schools Inc ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 3.3% of the total. Other salaries and wages came to $908k. At year end it held assets of $110.5m against liabilities of $2.4m, net assets of $108.1m.