Shepherd University Foundation Inc

Analysis

Shepherd University Foundation Inc is a registered charity in United States, based in Shepherdstown, WV. It received its IRS tax-exemption ruling in January 1962, 64 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, Shepherd University Foundation Inc reported income of $3.5m and spending of $2.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $3.5m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2020, when income rose by 52%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shepherd University Foundation Inc sits at the 86th percentile: it is larger than about 86% 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 Carpe Diem Academy Corporation ($3.5m), Unc Hussman School of Journalism and Media Foundation ($3.5m) and Genesee Community Charter School ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $368k (14% of expenses). Other salaries and wages came to $113k. At year end it held assets of $39.5m against liabilities of $1.5m, net assets of $38.1m. It reported 7 employees.