Murray State University Foundation

Analysis

Murray State University Foundation is a registered charity in United States, based in Murray, KY. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Murray State University Foundation reported income of $15.7m and spending of $7.4m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.1m to $15.7m (+95%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Murray State University Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Bowie State University Foundation ($15.7m), Columbia Independent School Inc ($15.8m) and Jacksonville State University Foundation ($15.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 4.2% of the total. At year end it held assets of $192.2m against liabilities of $41.5m, net assets of $150.7m.