Delta State University Foundation Inc

Analysis

Delta State University Foundation Inc is a registered charity in United States, based in Cleveland, MS. It received its IRS tax-exemption ruling in April 1967, 59 years ago. 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, Delta State University Foundation Inc reported income of $6.6m and spending of $6.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.6m to $6.6m (-38%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 336%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delta State University Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include Community Health Service Inc ($6.6m), Peace Over Violence ($6.6m) and Forest Bluff School Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $702k. At year end it held assets of $45.2m against liabilities of $2.4m, net assets of $42.8m.