Furman University Foundation Inc

Analysis

Furman University Foundation Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Furman University Foundation Inc reported income of $1.8m and spending of $453k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $1.8m (+0.0%), an average of +0.0% a year. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Furman University Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Soulard School Inc ($1.8m), Learning Plus Associates ($1.8m) and Bais Medrash Zichron Meir Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $20.2m against liabilities of $2.6m, net assets of $17.5m.