Old Dominion University Educational Foundation

Analysis

Old Dominion University Educational Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 1956, 70 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 December 2023, Old Dominion University Educational Foundation reported income of $33.8m and spending of $18.0m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.0m to $33.8m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old Dominion University Educational Foundation sits at the 97th percentile: it is larger than about 97% 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 Brewster Academy ($33.8m), New Canaan Country School Inc ($33.8m) and Athens Regional Physician Services Inc ($33.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $374.8m against liabilities of $75.1m, net assets of $299.7m. It reported 1 employees.