Old Dominion University Research Foundation

Analysis

Old Dominion University Research Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Old Dominion University Research Foundation reported income of $62.4m and spending of $63.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $51.0m to $62.4m (+22%), an average of +5.1% a year. Over the whole period it spent 100% 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 Research Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Midland University ($62.3m), Collegium Charter School ($62.5m) and Millsaps College ($62.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.1m (1.7% of expenses). Other salaries and wages came to $27.3m. At year end it held assets of $40.0m against liabilities of $20.5m, net assets of $19.5m. It reported 1,180 employees.