WASHINGTON STATE UNIVERSITY FOUNDATION
PO BOX 641927, PULLMAN, WA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $125,178,582 | $113,687,205 | $826,698,006 |
| FY2024 | $111,558,149 | $107,425,945 | $761,253,546 |
| FY2023 | $106,044,352 | $107,829,775 | $707,335,407 |
| FY2022 | $157,487,648 | $101,555,684 | $683,079,690 |
| FY2021 | $105,370,989 | $84,144,117 | $699,208,210 |
| FY2020 | $88,334,826 | $81,001,219 | $541,406,271 |
| FY2019 | $94,303,615 | $80,368,896 | $554,447,594 |
| FY2018 | $97,086,388 | $74,682,449 | $543,262,012 |
| FY2017 | $99,541,065 | $71,804,554 | $508,768,754 |
| FY2016 | $75,399,158 | $70,818,265 | $460,244,460 |
| FY2015 | $114,890,223 | $73,048,764 | $472,455,152 |
| FY2014 | $83,392,058 | $65,869,290 | $438,875,626 |
| FY2013 | $65,415,546 | $56,631,901 | $376,118,482 |
| FY2012 | $91,838,689 | $55,493,286 | $348,273,136 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $82,937,322 | 84% |
| Program service revenue | $16,369,394 | 16% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $85,294,052 | 75% |
| Management & general | $20,299,139 | 18% |
| Fundraising | $8,094,014 | 7% |
What the numbers show
- Contributions & grants made up 84% of total revenue in FY2025.
- Program services accounted for 75% of functional expenses, management & general 18%, and fundraising 7%.
- 75% of functional expenses went to program services in FY2025. That is higher than 23.1% of 65 Education organizations in WA.
- Net assets covered about 87.3 months of expenses at the end of the reporting year. That puts it in the 87th percentile among 1422 Education organizations in WA.
- Total revenue was higher than 99.4% of 1435 Education organizations in WA.
- Total revenue rose from $91,838,689 in FY2012 to $125,178,582 in FY2025, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2023).
- The highest revenue on record here is $157,487,648 in FY2022.
- Net assets grew from $348,273,136 to $826,698,006 between FY2012 and FY2025.
- Contributions and grants made up 81% of revenue in FY2012 and 66% in FY2025.
- Donations are generally tax-deductible (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
The mission of the Foundation is to promote, accept, and maximize private support for programs, initiatives, and properties of Washington State University and its regional campuses. The Foundation also prudently manages, invests, and stewards assets entrusted to it.
IRS status
| Ruling year | 1979 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B12 — Education |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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.
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