Troy University Foundation

Analysis

Troy University Foundation is a registered charity in United States, based in Troy State University, AL. It received its IRS tax-exemption ruling in November 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 September 2023, Troy University Foundation reported income of $16.0m and spending of $10.0m, leaving 38% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.2m to $16.0m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to September 2020, when income dropped by 20%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Troy 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 97th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Southern Oregon University Foundation ($16.0m), Salem State University Alumni Association and Foundation Inc ($16.0m) and Learning Choice Academy ($16.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $237.0m against liabilities of $121.8m, net assets of $115.2m.