West Virginia Univ Foundation Inc

Analysis

West Virginia Univ Foundation Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in June 1960, 66 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, West Virginia Univ Foundation Inc reported income of $137.2m and spending of $153.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $141.6m to $137.2m (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Virginia Univ Foundation Inc 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 Pinecrest Academy Inc ($137.1m), Highlands Adult & Community Charter School ($137.4m) and Salve Regina University ($136.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $3.2m (2.1% of expenses). Other salaries and wages came to $60.0m. It paid $385k in professional fundraising fees. At year end it held assets of $2.83bn against liabilities of $1.60bn, net assets of $1.22bn. It reported 189 employees.