Marshall University Research Corporation
1 John Marshall Dr, Huntington, WV · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $70,673,508 | $68,187,347 | $57,304,959 |
| FY2024 | $75,676,338 | $66,279,427 | $54,818,798 |
| FY2023 | $61,567,325 | $60,881,644 | $45,421,887 |
| FY2022 | $55,976,007 | $55,779,707 | $44,736,206 |
| FY2021 | $55,595,334 | $47,675,471 | $44,539,906 |
| FY2020 | $41,051,738 | $44,351,236 | $38,305,295 |
| FY2019 | $35,572,518 | $38,047,343 | $41,604,793 |
| FY2018 | $33,895,776 | $37,742,982 | $44,079,618 |
| FY2017 | $36,438,588 | $37,240,800 | $47,926,824 |
| FY2016 | $32,872,758 | $36,998,186 | $48,729,036 |
| FY2015 | $34,278,084 | $36,923,505 | $52,854,464 |
| FY2014 | $36,379,519 | $37,594,732 | $55,499,885 |
| FY2013 | $42,733,735 | $39,070,463 | $56,715,098 |
| FY2012 | $39,600,547 | $39,798,583 | $53,089,826 |
Form 990 filings
The returns filed by Marshall University Research Corporation (EIN 55-0683361), 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 | $61,964,901 | 88% |
| Program service revenue | $0 | 0% |
| Other revenue | $8,708,607 | 12% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $57,233,170 | 84% |
| Management & general | $10,317,136 | 15% |
| Fundraising | $637,041 | 1% |
What the numbers show
- Contributions & grants made up 88% of total revenue in FY2025.
- Program services accounted for 84% of functional expenses, management & general 15%, and fundraising 1%.
- 84% of functional expenses went to program services in FY2025. That is higher than 33.3% of 480 Community Improvement & Capacity Building organizations nationwide (too few in WV for a state comparison).
- Net assets covered about 10.1 months of expenses at the end of the reporting year. That puts it in the 42nd percentile among 142 Community Improvement & Capacity Building organizations in WV.
- Total revenue was the highest among 144 Community Improvement & Capacity Building organizations in WV.
- Total revenue rose from $39,600,547 in FY2012 to $70,673,508 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2012, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020).
- The highest revenue on record here is $75,676,338 in FY2024.
- Net assets grew from $53,089,826 to $57,304,959 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible.
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
Charitable education and scientific research
IRS status
| Ruling year | 2010 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S30 — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible. |
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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