Ole Miss Athletics Foundation

Analysis

Ole Miss Athletics Foundation is a registered charity in United States, based in Oxford, MS. It received its IRS tax-exemption ruling in July 1969, 57 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, Ole Miss Athletics Foundation reported income of $49.8m and spending of $40.4m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.1m to $49.8m (+84%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ole Miss Athletics Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include Minerva University ($49.8m), Crescent City Schools ($49.9m) and Covenant College Inc ($49.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $114k (0.3% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $136.3m against liabilities of $65.1m, net assets of $71.2m. It reported 52 employees.