25045-A New Clendenin Inc

Analysis

25045-A New Clendenin Inc is a registered charity in United States, based in Clendenin, WV. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, 25045-A New Clendenin Inc reported income of $198k and spending of $195k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $198k (+83%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 454%. Over the whole period it spent 139% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 25045-A New Clendenin Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WV. Charities of a similar size with the same main cause include Main Street Altus Inc ($198k), Business and Education Network Inc ($198k) and Greater Palm River Point Community Development Corporation ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $2.7m against liabilities of $924k, net assets of $1.8m.