William & Mary Business School Foundation

Analysis

William & Mary Business School Foundation is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in November 1970, 56 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, William & Mary Business School Foundation reported income of $9.1m and spending of $5.9m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.4m to $9.1m (-3.6%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 172%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William & Mary Business School Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Chris-Tex Inc ($9.1m), Texas Charter Schools Association ($9.1m) and Windber Research Institute ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $433k (7.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $110.0m against liabilities of $197k, net assets of $109.8m.