Alcorn State University Foundation Incorporated

Analysis

Alcorn State University Foundation Incorporated is a registered charity in United States, based in Lorman, MS. It received its IRS tax-exemption ruling in February 1975, 51 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 December 2023, Alcorn State University Foundation Incorporated reported income of $5.4m and spending of $2.6m, leaving 52% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $5.4m to $5.4m (+1.6%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income rose by 418%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alcorn State University Foundation Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include Pinewood Christian Academy Inc ($5.4m), Clear Dot Charter School Columbia ($5.4m) and Brevard Academy ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $56.4m against liabilities of $985k, net assets of $55.4m.