Glenville State University Foundation

Analysis

Glenville State University Foundation is a registered charity in United States, based in Glenville, WV. It received its IRS tax-exemption ruling in February 1961, 65 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 2024, Glenville State University Foundation reported income of $6.6m and spending of $3.1m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $6.6m (+267%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 197%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glenville State University Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WV. Charities of a similar size with the same main cause include Hochberg Preparatory School Inc ($6.6m), Alamance Community School ($6.6m) and Episcopal School in the City of New York ($6.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $86k (2.7% of expenses). Other salaries and wages came to $127k. At year end it held assets of $29.3m against liabilities of $3.1m, net assets of $26.1m.