University of Charleston

Analysis

University of Charleston is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in August 1948, 78 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, University of Charleston reported income of $77.2m and spending of $70.9m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $63.6m to $77.2m (+21%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Charleston sits at the 99th percentile: it is larger than about 99% 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 Trinity Episcopal Schools Corporation ($77.1m), Otis College of Art and Design ($77.4m) and Lakeside School ($77.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $1.4m (2.0% of expenses). Other salaries and wages came to $21.1m. At year end it held assets of $165.2m against liabilities of $27.3m, net assets of $137.9m. It reported 838 employees.