West Virginia State University Foundation Inc

Analysis

West Virginia State University Foundation Inc is a registered charity in United States, based in Institute, WV. It received its IRS tax-exemption ruling in October 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, West Virginia State University Foundation Inc reported income of $3.7m and spending of $3.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $3.7m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Virginia State University Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WV. Charities of a similar size with the same main cause include Eclc of New Jersey Pride Day Program Inc ($3.7m), Environmental and Spatial Technology Inc ($3.7m) and Arrowhead Library System ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $378k. At year end it held assets of $19.3m against liabilities of $372k, net assets of $18.9m.