Southern Virginia University

Analysis

Southern Virginia University is a registered charity in United States, based in Buena Vista, VA. It received its IRS tax-exemption ruling in February 1960, 66 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, Southern Virginia University reported income of $37.2m and spending of $35.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.5m to $37.2m (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Virginia University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include University School of Nashville ($37.2m), Value Schools ($37.2m) and Simpson University ($37.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $926k (2.6% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $40.6m against liabilities of $17.6m, net assets of $23.0m. It reported 759 employees.