Razorback Foundation Inc

Analysis

Razorback Foundation Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in November 1982, 44 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, Razorback Foundation Inc reported income of $44.6m and spending of $35.6m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.9m to $44.6m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Razorback Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Kenan-Flagler Business School Foundation ($44.6m), Foundation for Grossmont and Cuyamaca Colleges ($44.6m) and Pace Academy Inc ($44.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $541k (1.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $93.9m against liabilities of $494k, net assets of $93.5m. It reported 30 employees.