WV Coalition for Technology-Based Economic Development Inc

Analysis

WV Coalition for Technology-Based Economic Development Inc is a registered charity in United States, based in South Charleston, WV. It received its IRS tax-exemption ruling in November 2008, 18 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 September 2023, WV Coalition for Technology-Based Economic Development Inc reported income of $347k and spending of $252k, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $585k to $347k (-41%), an average of -12% a year. The sharpest change came in the year to September 2022, when income dropped by 67%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, WV Coalition for Technology-Based Economic Development Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WV. Charities of a similar size with the same main cause include Jobs for Life Inc ($347k), Freeway Park Neighborhood Group ($347k) and Marshall County Retired Senior Volunteer Program Incorporated ($347k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (29% of expenses). At year end it held assets of $306k against liabilities of $77k, net assets of $229k.