West Virginia University Medical Corporation

Analysis

West Virginia University Medical Corporation is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, West Virginia University Medical Corporation reported income of $42.0m and spending of $44.9m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $49.0m to $42.0m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 103% 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 Medical Corporation 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 98th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include King School Incorporated ($42.0m), Alexander Dawson Foundation ($42.1m) and Santa Fe South Schools Inc ($42.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.6m (8.0% of expenses). Other salaries and wages came to $36.1m. At year end it held assets of $14.9m against liabilities of $7.9m, net assets of $7.0m. It reported 133 employees.