Shenandoah University

Analysis

Shenandoah University is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in February 1939, 87 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Shenandoah University reported income of $149.2m and spending of $144.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $126.6m to $149.2m (+18%), an average of +4.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shenandoah University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Kipp NYC Public Charter Schools II ($149.0m), Mercyhurst University ($149.3m) and Hobart and William Smith Colleges ($148.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $2.4m (1.6% of expenses). Other salaries and wages came to $52.4m. At year end it held assets of $298.7m against liabilities of $109.0m, net assets of $189.6m. It reported 2,830 employees.