Georgia Southern University Foundation Inc

Analysis

Georgia Southern University Foundation Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in February 1963, 63 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, Georgia Southern University Foundation Inc reported income of $11.7m and spending of $9.9m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.5m to $11.7m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2022, when income rose by 137%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgia Southern University Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Citizen56 Inc ($11.7m), Latinos for Education Inc ($11.7m) and Chicago Mathematics and Science Academy Charter School Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. It paid $127k in professional fundraising fees. At year end it held assets of $127.1m against liabilities of $702k, net assets of $126.4m. It reported 38 employees.