University of Southern Mississippi Foundation

Analysis

University of Southern Mississippi Foundation is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in June 2001, 25 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 Foundation reported income of $26.8m and spending of $12.1m, leaving 55% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $11.4m to $26.8m (+135%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 61% 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 Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MS. Charities of a similar size with the same main cause include James Irwin Charter Schools ($26.8m), Community Academies of New Orleans Inc ($26.8m) and Uwm Foundation Inc ($26.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $38k. It paid $7,440 in professional fundraising fees. At year end it held assets of $194.3m against liabilities of $738k, net assets of $193.5m.