Pennsylvanias State System Of Higher Education Foundation
Pennsylvania's State System of Higher Education Foundation: Strong Asset Growth, but Transparency Lacking on Executive Compensation
EIN: 222686249 · Harrisburg, PA · NTEE: B12 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $2.6M |
| Program Spending | 70% |
| Net Assets | $7.6M |
| Transparency Score | 75/100 |
Is Pennsylvanias State System Of Higher Education Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pennsylvanias State System Of Higher Education Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Pennsylvanias State System Of Higher Education Foundation
Pennsylvanias State System Of Higher Education Foundation (EIN: 222686249) is a nonprofit organization based in Harrisburg, PA, classified under NTEE code B12. The organization reported total revenue of $4.0M and total assets of $11.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pennsylvanias State System Of Higher Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pennsylvanias State System Of Higher Education Foundation is a mid-size nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$917K |
| Total Assets | $11.3M |
| Total Liabilities | $3.7M |
| Net Assets | $7.6M |
| Operating Margin | 25.8% |
| Debt-to-Asset Ratio | 32.7% |
| Months of Reserves | 51.4 months |
Financial Health Grade: A
In 2024, Pennsylvanias State System Of Higher Education Foundation reported a surplus of $917K with revenue exceeding expenses, holds 51.4 months of operating reserves (strong position), has a debt-to-asset ratio of 32.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Pennsylvanias State System Of Higher Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +42.8% | +47.0% | +3.5% |
| 2023 | +53.6% | +31.4% | +136.2% |
| 2022 | +27.7% | +18.8% | +5.8% |
| 2021 | -18.3% | +4.0% | +2.8% |
| 2020 | +25.0% | -15.7% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pennsylvanias State System Of Higher Education Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Pennsylvanias State System Of Higher Education Foundation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $917K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making it difficult to assess its reasonableness relative to the organization's size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pennsylvanias State System Of Higher Education Foundation's IRS 990 filings:
- Lack of specific executive compensation figures in the provided data.
- Limited granular detail on program expenditures within the summary financial filings.
Strengths
The following positive indicators were identified for Pennsylvanias State System Of Higher Education Foundation:
- Consistent growth in total assets, reaching $11,323,411 in 2024.
- Positive net revenue trends over the past several years, with $4,003,778 in 2024.
- Strong financial position with significant assets relative to liabilities.
Frequently Asked Questions about Pennsylvanias State System Of Higher Education Foundation
Is Pennsylvanias State System Of Higher Education Foundation a legitimate charity?
Pennsylvanias State System Of Higher Education Foundation (EIN: 222686249) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.0M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Pennsylvanias State System Of Higher Education Foundation spend its money?
Pennsylvanias State System Of Higher Education Foundation directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Pennsylvanias State System Of Higher Education Foundation tax-deductible?
Pennsylvanias State System Of Higher Education Foundation is registered as a tax-exempt nonprofit (EIN: 222686249). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pennsylvanias State System Of Higher Education Foundation's spending goes to programs?
Pennsylvanias State System Of Higher Education Foundation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Pennsylvanias State System Of Higher Education Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Pennsylvanias State System Of Higher Education Foundation is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pennsylvanias State System Of Higher Education Foundation located?
Pennsylvanias State System Of Higher Education Foundation is headquartered in Harrisburg, Pennsylvania and files with the IRS under EIN 222686249. It is classified under NTEE code B12.
How many years of IRS 990 filings does Pennsylvanias State System Of Higher Education Foundation have?
Pennsylvanias State System Of Higher Education Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.0M in total revenue.
What does Pennsylvanias State System Of Higher Education Foundation do?
Pennsylvanias State System Of Higher Education Foundation is a nonprofit organization in the Education sector, located in Harrisburg, Pennsylvania. It is classified under NTEE code B12.
How much revenue does Pennsylvanias State System Of Higher Education Foundation have?
Pennsylvanias State System Of Higher Education Foundation reported total revenue of $4,003,778. Based on 14 IRS 990 filings on record.
What are Pennsylvanias State System Of Higher Education Foundation's total assets?
Pennsylvanias State System Of Higher Education Foundation holds total assets of $11,323,411 as reported in IRS 990 filings.
Where is Pennsylvanias State System Of Higher Education Foundation located?
Pennsylvanias State System Of Higher Education Foundation is based in Harrisburg, Pennsylvania.
What is Pennsylvanias State System Of Higher Education Foundation's EIN?
Pennsylvanias State System Of Higher Education Foundation's Employer Identification Number (EIN) is 222686249. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pennsylvanias State System Of Higher Education Foundation?
Pennsylvanias State System Of Higher Education Foundation is classified under NTEE code B12 (Education).
Is Pennsylvanias State System Of Higher Education Foundation a registered 501(c)(3)?
Yes, Pennsylvanias State System Of Higher Education Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222686249.
Does Pennsylvanias State System Of Higher Education Foundation file IRS Form 990?
Yes, Pennsylvanias State System Of Higher Education Foundation has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Pennsylvanias State System Of Higher Education Foundation's revenue in 2024?
In the 202406 filing period, Pennsylvanias State System Of Higher Education Foundation reported total revenue of $3,560,509, total expenses of $2,643,401, and net assets of $11,316,664.
Is Pennsylvanias State System Of Higher Education Foundation's revenue growing or declining?
Pennsylvanias State System Of Higher Education Foundation's revenue is growing. Revenue went from $2,493,469 (202306) to $3,560,509 (202406), a +42.8% change. Based on 14 filings on record.
What is Pennsylvanias State System Of Higher Education Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Pennsylvanias State System Of Higher Education Foundation covers tax period 202406. It shows revenue of $3,560,509, expenses of $2,643,401, total assets of $11,316,664, and liabilities of $3,697,259.
How much does Pennsylvanias State System Of Higher Education Foundation spend on programs vs administration?
Based on IRS 990 analysis, Pennsylvanias State System Of Higher Education Foundation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Pennsylvanias State System Of Higher Education Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Pennsylvanias State System Of Higher Education Foundation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Pennsylvanias State System Of Higher Education Foundation?
The following concerns were identified: Lack of specific executive compensation figures in the provided data.. Limited granular detail on program expenditures within the summary financial filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pennsylvanias State System Of Higher Education Foundation's strengths?
Positive indicators for Pennsylvanias State System Of Higher Education Foundation include: Consistent growth in total assets, reaching $11,323,411 in 2024.. Positive net revenue trends over the past several years, with $4,003,778 in 2024.. Strong financial position with significant assets relative to liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Pennsylvanias State System Of Higher Education Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making it difficult to assess its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation ensure its administrative and fundraising expenses remain efficient given the lack of detailed breakdowns?
Without more granular data on administrative and fundraising costs, it's challenging to fully assess efficiency. The provided data indicates total expenses of $2,643,401 in 2024, but a detailed allocation is not available.
What specific programs or initiatives are primarily supported by the foundation's growing assets?
The provided data indicates the foundation supports Pennsylvania's State System of Higher Education, but specific programs or initiatives funded by the $11,323,411 in assets are not detailed in the summary filings.
Filing History
IRS 990 filing history for Pennsylvanias State System Of Higher Education Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Pennsylvanias State System Of Higher Education Foundation's revenue has grown by 604.4%, moving from $505K to $3.6M. Total assets increased by 407.8% over the same period, from $2.2M to $11.3M. Total functional expenses rose by 303.6%, from $655K to $2.6M. In its most recent filing year (2024), Pennsylvanias State System Of Higher Education Foundation reported a surplus of $917K, with revenue exceeding expenses. The organization holds $3.7M in liabilities against $11.3M in assets (debt-to-asset ratio: 32.7%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.6M | $2.6M | $11.3M | $3.7M | — | View 990 |
| 2023 | $2.5M | $1.8M | $10.9M | $4.6M | — | View 990 |
| 2022 | $1.6M | $1.4M | $4.6M | $0 | — | View 990 |
| 2021 | $1.3M | $1.2M | $4.4M | $0 | — | View 990 |
| 2020 | $1.6M | $1.1M | $4.3M | $0 | — | View 990 |
| 2019 | $1.2M | $1.3M | $3.8M | $0 | — | View 990 |
| 2018 | $1.0M | $792K | $3.9M | $0 | — | View 990 |
| 2017 | $1.1M | $923K | $3.7M | $0 | — | View 990 |
| 2016 | $897K | $535K | $3.5M | $0 | — | View 990 |
| 2015 | $1.0M | $713K | $3.1M | $0 | — | View 990 |
| 2014 | $957K | $591K | $2.8M | $0 | — | View 990 |
| 2013 | $840K | $640K | $2.4M | $0 | — | View 990 |
| 2012 | $493K | $530K | $2.2M | $0 | — | View 990 |
| 2011 | $505K | $655K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.6M, expenses of $2.6M, and assets of $11.3M (revenue +42.8% year-over-year).
- 2023: Revenue of $2.5M, expenses of $1.8M, and assets of $10.9M (revenue +53.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.4M, and assets of $4.6M (revenue +27.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $4.4M (revenue -18.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.1M, and assets of $4.3M (revenue +25.0% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $3.8M (revenue +23.5% year-over-year).
- 2018: Revenue of $1.0M, expenses of $792K, and assets of $3.9M (revenue -10.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $923K, and assets of $3.7M (revenue +26.0% year-over-year).
- 2016: Revenue of $897K, expenses of $535K, and assets of $3.5M (revenue -14.5% year-over-year).
- 2015: Revenue of $1.0M, expenses of $713K, and assets of $3.1M (revenue +9.6% year-over-year).
- 2014: Revenue of $957K, expenses of $591K, and assets of $2.8M (revenue +13.9% year-over-year).
- 2013: Revenue of $840K, expenses of $640K, and assets of $2.4M (revenue +70.2% year-over-year).
- 2012: Revenue of $493K, expenses of $530K, and assets of $2.2M (revenue -2.4% year-over-year).
- 2011: Revenue of $505K, expenses of $655K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pennsylvanias State System Of Higher Education Foundation:
Data Sources and Methodology
This transparency report for Pennsylvanias State System Of Higher Education Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.