Marshall University Foundation Incorporated

Analysis

Marshall University Foundation Incorporated is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in November 1951, 75 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 June 2023, Marshall University Foundation Incorporated reported income of $48.1m and spending of $18.3m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $51.0m to $48.1m (-5.7%), an average of -1.5% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marshall University Foundation Incorporated 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 98th percentile within WV. Charities of a similar size with the same main cause include College of Our Lady of the Elms ($47.8m), Trustees of St Josephs College ($48.1m) and Western Michigan University Foundation ($47.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $531k (2.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $387.1m against liabilities of $79.7m, net assets of $307.4m. It reported 51 employees.