San Diego State University Foundation: $212.4M Revenue, $157.6M Program Expenses

San Diego State University Foundation earns an A on the nonprofit efficiency rubric — a top-tier rating that reflects strong program-spending ratios, reasonable executive compensation, and stable financial reserves. The composite score of 87/100 places it in the upper bracket of U.S. tax-exempt organizations.

Annual revenue at San Diego State University Foundation runs $212.4M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. San Diego State University Foundation directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, San Diego State University Foundation sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.