Wvu at Parkersburg Foundation Inc

Analysis

Wvu at Parkersburg Foundation Inc is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in December 1963, 63 years ago. 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, Wvu at Parkersburg Foundation Inc reported income of $11.5m and spending of $842k, leaving 93% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $612k to $11.5m (+1774%), an average of +108% a year. The sharpest change came in the year to June 2023, when income rose by 1113%. Over the whole period it spent 21% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wvu at Parkersburg Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WV. Charities of a similar size with the same main cause include The Arc of Burlington County Inc ($11.5m), Catholic Community Services ($11.5m) and Lutheran Sunset Home ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $42k (4.9% of expenses). At year end it held assets of $24.9m against liabilities of $85k, net assets of $24.8m.