West Virginia School of Osteopathic Medicine Foundation

Analysis

West Virginia School of Osteopathic Medicine Foundation is a registered charity in United States, based in Lewisburg, WV. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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 2024, West Virginia School of Osteopathic Medicine Foundation reported income of $2.5m and spending of $465k, leaving 82% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $418k to $2.5m (+502%), an average of +57% a year. The sharpest change came in the year to June 2024, when income rose by 155%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Virginia School of Osteopathic Medicine Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Ozark Outdoor Foundation ($2.5m), Kansas Coalition Against Sexual and Domestic Violence Inc ($2.5m) and Monsignor Lafferty Tuition Foundation ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 1.8% of the total. At year end it held assets of $59.5m against liabilities of $49.4m, net assets of $10.1m.