Applied Research Foundation of West Virginia

Analysis

Applied Research Foundation of West Virginia is a registered charity in United States, based in Bluefield, WV. It received its IRS tax-exemption ruling in March 2021, 5 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 2024, Applied Research Foundation of West Virginia reported income of $948k and spending of $972k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $211k to $948k (+350%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 138%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Applied Research Foundation of West Virginia sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within WV. Charities of a similar size with the same main cause include Providence Preparatory Academy ($948k), Trimont Christian Academy ($948k) and Amcare Residential Living ($948k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $291k. At year end it held assets of $444k against liabilities of $470k, net assets of -$26k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.