Athens State University Foundation Inc

Analysis

Athens State University Foundation Inc is a registered charity in United States, based in Athens, AL. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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 September 2023, Athens State University Foundation Inc reported income of $1.2m and spending of $594k, leaving 50% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.2m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Athens State University Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Arc of Northwest Wayne County ($1.2m), Ukrainian National Womens League of America Inc ($1.2m) and Habitat for Humanity International Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $7.8m against liabilities of $179k, net assets of $7.6m.