Arkansas State University Red Wolves Foundation Inc

Analysis

Arkansas State University Red Wolves Foundation Inc is a registered charity in United States, based in State Univ, AR. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Arkansas State University Red Wolves Foundation Inc reported income of $8.3m and spending of $9.4m, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.1m to $8.3m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 126% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Arkansas State University Red Wolves Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within AR. Charities of a similar size with the same main cause include Park Pride Inc ($8.3m), Steamboat Health & Recreation Association ($8.3m) and Horizon League Inc ($8.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% of the total. At year end it held assets of $44.6m against liabilities of $40.0m, net assets of $4.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.