George Mason University Foundation Inc

Analysis

George Mason University Foundation Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in May 1992, 34 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, George Mason University Foundation Inc reported income of $123.2m and spending of $82.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $154.0m to $123.2m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, George Mason University Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Chicago Charter School Foundation ($123.1m), Kalamazoo College ($123.3m) and Uhf-Ca Gift Annuity Reserve TR ($123.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $569k (0.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $512.6m against liabilities of $147.1m, net assets of $365.5m.