Christopher Newport University Educational Foundation Inc

Analysis

Christopher Newport University Educational Foundation Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Christopher Newport University Educational Foundation Inc reported income of $9.7m and spending of $7.9m, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.9m to $9.7m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christopher Newport University Educational Foundation Inc 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 Klamath Family Head Start ($9.7m), Mastery Charter Schools Foundation ($9.7m) and California Farmlink ($9.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $113k (1.4% of expenses). At year end it held assets of $86.6m against liabilities of $520k, net assets of $86.1m.