Auburn University Foundation

Analysis

Auburn University Foundation is a registered charity in United States, based in Auburn, AL. It received its IRS tax-exemption ruling in July 1960, 66 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 September 2023, Auburn University Foundation reported income of $105.9m and spending of $62.5m, leaving 41% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $69.3m to $105.9m (+53%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 40%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Auburn University Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Democracy Prep New York Charter Schools ($105.6m), Saint Francis University ($105.9m) and Centre College of Kentucky ($105.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $404k (0.6% of expenses). At year end it held assets of $909.6m against liabilities of $40.0m, net assets of $869.6m. It reported 75 employees.