Winston-Salem State University Foundation Incorporated

Analysis

Winston-Salem State University Foundation Incorporated is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 1972, 54 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, Winston-Salem State University Foundation Incorporated reported income of $8.7m and spending of $8.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 433%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Winston-Salem State University Foundation Incorporated sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Interfaith Food Center ($8.7m), Imagine Coolidge Elementary Inc ($8.7m) and Hartford International University for Religion and Peace ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 27% of the total. Other salaries and wages came to $289k. At year end it held assets of $98.9m against liabilities of $31.8m, net assets of $67.2m. It reported 36 employees.