The University of Virginias College at Wise Foundation Inc

Analysis

The University of Virginias College at Wise Foundation Inc is a registered charity in United States, based in Wise, VA. It received its IRS tax-exemption ruling in March 1993, 33 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 2023, The University of Virginias College at Wise Foundation Inc reported income of $3.7m and spending of $4.3m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.7m (+104%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The University of Virginias College at Wise Foundation Inc 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 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Waldorf School of Atlanta ($3.7m), Graduate Arkansas Inc ($3.7m) and University of Akron Research Foundation ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. At year end it held assets of $39.5m against liabilities of $8,044, net assets of $39.5m.