Arkansas State University System Foundation Inc

Analysis

Arkansas State University System Foundation Inc is a registered charity in United States, based in State Univ, AR. It received its IRS tax-exemption ruling in June 1977, 49 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, Arkansas State University System Foundation Inc reported income of $10.2m and spending of $10.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.7m to $10.2m (-43%), an average of -13% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arkansas State University System 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 95th percentile, and in the 94th percentile within AR. Charities of a similar size with the same main cause include George Washington Academy ($10.2m), Childrens Center for Communication Inc ($10.2m) and South Christian High School ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $283k (2.8% of expenses). Other salaries and wages came to $122k. At year end it held assets of $129.6m against liabilities of $15.0m, net assets of $114.6m.