Marshall University Research Corporation

Analysis

Marshall University Research Corporation is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Marshall University Research Corporation reported income of $56.0m and spending of $55.8m, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $35.6m to $56.0m (+57%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marshall 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 99th percentile, and in the 99th percentile within WV. Charities of a similar size with the same main cause include Community of Hope Inc ($55.8m), Goodwill Industries of Central Ohio Inc ($56.3m) and Gulfstream Goodwill Industries Inc ($55.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $242k (0.4% of expenses). Other salaries and wages came to $21.9m. At year end it held assets of $66.5m against liabilities of $21.8m, net assets of $44.7m. It reported 742 employees.