Davis & Elkins College

Analysis

Davis & Elkins College is a registered charity in United States, based in Elkins, WV. It received its IRS tax-exemption ruling in March 1954, 72 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, Davis & Elkins College reported income of $55.4m and spending of $37.2m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.9m to $55.4m (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 61%. 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, Davis & Elkins College 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 99th percentile, and in the 99th percentile within WV. Charities of a similar size with the same main cause include Grace Church School ($55.4m), Buena Vista University ($55.5m) and Blake School ($55.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.1m (2.9% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $124.5m against liabilities of $3.8m, net assets of $120.7m. It reported 619 employees.