University of Southern Mississippi Athletic Foundation

Analysis

University of Southern Mississippi Athletic Foundation is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in December 2000, 26 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 2024, University of Southern Mississippi Athletic Foundation reported income of $7.2m and spending of $7.3m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $8.8m to $7.2m (-18%), an average of -3.9% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Southern Mississippi Athletic Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within MS. Charities of a similar size with the same main cause include National Child Research Center ($7.2m), Reid Traditional Schools Valley Academy Inc ($7.2m) and Baltimore Lab School Inc ($7.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $411k. At year end it held assets of $17.4m against liabilities of $2.2m, net assets of $15.2m.