Morgan State University Foundation Incorporated
1700 E Cold Spring Ln, Baltimore, MD · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $17,771,649 | $16,309,597 | $168,920,069 |
| FY2024 | $27,315,469 | $16,102,308 | $164,980,994 |
| FY2023 | $28,239,330 | $15,294,870 | $153,740,368 |
| FY2022 | $14,542,251 | $10,625,542 | $140,795,908 |
| FY2021 | $92,877,429 | $8,578,144 | $136,879,199 |
| FY2020 | $10,345,893 | $10,325,318 | $52,579,914 |
| FY2019 | $17,443,269 | $8,252,487 | $52,559,339 |
| FY2018 | $11,561,924 | $7,786,077 | $43,368,557 |
| FY2017 | $13,702,789 | $6,835,020 | $39,592,710 |
| FY2016 | $6,602,539 | $5,168,476 | $32,724,941 |
| FY2015 | $6,691,401 | $4,204,724 | $31,356,964 |
| FY2014 | $0 | $0 | $0 |
| FY2013 | $7,324,197 | $4,535,374 | $25,318,827 |
| FY2012 | $3,994,481 | $4,317,419 | $22,530,005 |
Form 990 filings
The returns filed by Morgan State University Foundation Incorporated (EIN 23-7089143), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $16,696,259 | 94% |
| Program service revenue | $0 | 0% |
| Other revenue | $1,075,390 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $14,939,189 | 92% |
| Management & general | $1,370,408 | 8% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 94% of total revenue in FY2025.
- Program services accounted for 92% of functional expenses, management & general 8%, and fundraising 0%.
- 92% of functional expenses went to program services in FY2025. That is higher than 92.5% of 93 Education organizations in MD.
- Net assets covered about 124.3 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 1052 Education organizations in MD.
- Total revenue was higher than 94.2% of 1078 Education organizations in MD.
- Total revenue rose from $3,994,481 in FY2012 to $17,771,649 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2012).
- The highest revenue on record here is $92,877,429 in FY2021.
- Net assets grew from $22,530,005 to $168,920,069 between FY2012 and FY2025.
- Contributions and grants made up 106% of revenue in FY2012 and 94% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROMOTING THE GROWTH, PROGRESS, AND GENERAL WELFARE OF MORGAN STATE UNIVERSITY AND ADVANCE THE UNIVERSITY'S MISSION OF TEACHING, RESEARCH, AND COMMUNITY OUTREACH BY RAISING AND MANAGING PRIVATE FUNDS FOR SCHOLARSHIPS, FACULTY, RESEARCH, FACILITIES, AND ACADEMIC PROGRAMS.
IRS status
| Ruling year | 1970 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B43I — Education (in MD) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- United States Naval Academy Alumni Assoc — Annapolis, MD · $16,059,020
- 22beacon Inc — Hanover, MD · $14,571,903
- Boys Latin School of Maryland Incorporated — Baltimore, MD · $27,397,388
- Garrison Forest School Inc — Owings Mills, MD · $28,719,733
- Roland Park Country School Inc — Baltimore, MD · $31,837,781
- Calvert School Inc — Baltimore, MD · $32,489,955
- Friends School of Baltimore Inc — Baltimore, MD · $36,204,585
- Charles E Smith Jewish Day School of Greater Washington Inc — Rockville, MD · $38,491,840
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.