Midwestern State University Foundation Inc

Analysis

Midwestern State University Foundation Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in January 1961, 65 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 August 2023, Midwestern State University Foundation Inc reported income of $6.7m and spending of $3.0m, leaving 55% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $6.7m (+268%), an average of +38% a year. The sharpest change came in the year to August 2022, when income rose by 330%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midwestern State University Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include New York French - American Charter School ($6.6m), Challenge to Excellence Charter School ($6.7m) and Greenville Technical Charter High School ($6.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $71.3m against liabilities of $0, net assets of $71.3m.