West Virginia University Research Corporation
3208 One Waterfront Place, Morgantown, WV · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $186,125,278 | $181,953,712 | $58,834,744 |
| FY2024 | $197,288,918 | $185,558,446 | $53,491,010 |
| FY2023 | $176,778,783 | $176,412,776 | $41,305,450 |
| FY2022 | $154,245,456 | $155,029,571 | $40,034,030 |
| FY2021 | $138,980,863 | $137,261,942 | $43,095,593 |
| FY2020 | $134,256,339 | $131,966,369 | $39,128,679 |
| FY2019 | $138,436,671 | $138,123,025 | $36,315,120 |
| FY2018 | $133,608,560 | $141,762,331 | $35,593,774 |
| FY2017 | $132,319,175 | $137,212,989 | $43,525,768 |
| FY2016 | $126,109,400 | $135,369,511 | $48,177,016 |
| FY2015 | $131,993,748 | $121,559,327 | $57,484,601 |
| FY2014 | $126,192,752 | $121,375,373 | $47,299,787 |
| FY2013 | $130,808,528 | $130,497,045 | $41,706,402 |
| FY2012 | $127,579,473 | $127,180,285 | $40,663,800 |
Form 990 filings
The returns filed by West Virginia University Research Corporation (EIN 55-0665758), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $159,921,448 | 86% |
| Program service revenue | $16,404,429 | 9% |
| Other revenue | $9,799,401 | 5% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $169,584,592 | 93% |
| Management & general | $12,369,120 | 7% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 86% of total revenue in FY2025.
- Program services accounted for 93% of functional expenses, management & general 7%, and fundraising 0%.
- 93% of functional expenses went to program services in FY2025. That is higher than 86.9% of 4430 Education organizations nationwide (too few in WV for a state comparison).
- Net assets covered about 3.9 months of expenses at the end of the reporting year. That puts it in the 13th percentile among 197 Education organizations in WV.
- Total revenue was the highest among 199 Education organizations in WV.
- Total revenue rose from $127,579,473 in FY2012 to $186,125,278 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2016, FY2017, FY2018, FY2022).
- The highest revenue on record here is $197,288,918 in FY2024.
- Net assets grew from $40,663,800 to $58,834,744 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO FOSTER AND SUPPORT RESEARCH AT WEST VIRGINIA UNIVERSITY.
IRS status
| Ruling year | 1987 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B43I — Education |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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