Adams State University Foundation Inc

Analysis

Adams State University Foundation Inc is a registered charity in United States, based in Alamosa, CO. It received its IRS tax-exemption ruling in April 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Adams State University Foundation Inc reported income of $3.0m and spending of $2.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.0m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adams State University Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Blueprint North Carolina ($3.0m), Morehouse Choice Accountable Care Organization and Education System ($3.0m) and Steps Program Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $30.0m against liabilities of $59k, net assets of $29.9m. It reported 12 employees.