Arizona State University Foundation for a New American University

Analysis

Arizona State University Foundation for a New American University is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in May 1958, 68 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, Arizona State University Foundation for a New American University reported income of $299.3m and spending of $173.5m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $246.0m to $299.3m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona State University Foundation for a New American University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Ascendium Education Solutions Inc ($298.2m), University of Tulsa ($301.8m) and Carleton College ($296.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $590k (0.3% of expenses). Other salaries and wages came to $13.6m. It paid $2.0m in professional fundraising fees. At year end it held assets of $1.88bn against liabilities of $496.6m, net assets of $1.38bn. It reported 211 employees.