Washington State University Foundation

Analysis

Washington State University Foundation is a registered charity in United States, based in Pullman, WA. It received its IRS tax-exemption ruling in October 1979, 47 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, Washington State University Foundation reported income of $106.0m and spending of $107.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $94.3m to $106.0m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 49%. 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, Washington State University Foundation 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 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Alfred University ($106.0m), Otterbein University ($106.5m) and California Online Public Schools ($106.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $2.4m (2.2% of expenses). Other salaries and wages came to $6.8m. It paid $364k in professional fundraising fees. At year end it held assets of $722.7m against liabilities of $15.3m, net assets of $707.3m. It reported 141 employees.