West Virginia University Research Corporation

Analysis

West Virginia University Research Corporation is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in February 1987, 39 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, West Virginia University Research Corporation reported income of $176.8m and spending of $176.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $138.4m to $176.8m (+28%), an average of +6.3% 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, West Virginia University Research Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within WV. Charities of a similar size with the same main cause include University of Detroit Mercy ($176.1m), University of Maryland College Park Foundation Inc ($176.9m) and University of Washington Foundation ($176.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Other salaries and wages came to $30.7m. At year end it held assets of $165.1m against liabilities of $123.8m, net assets of $41.3m. It reported 671 employees.