Fayetteville State University Development Corporation

Analysis

Fayetteville State University Development Corporation is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Fayetteville State University Development Corporation reported income of $280k and spending of $91k, leaving 68% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $117k to $280k (+139%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 25% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fayetteville State University Development Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include School Foundation Inc ($280k), 4 the Love Foundation ($280k) and Grow Utah Ventures Inc ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 2.0% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.