Nicholas County Communityfoundation Inc

Analysis

Nicholas County Communityfoundation Inc is a registered charity in United States, based in Summersville, WV. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nicholas County Communityfoundation Inc reported income of $1.3m and spending of $294k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to December 2023, when income rose by 252%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nicholas County Communityfoundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within WV. Charities of a similar size with the same main cause include CLCS Realty Corporation ($1.3m), Kazan McClain Partners Foundation ($1.3m) and United Way of Greater Mercer County Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $33k (11% of expenses). At year end it held assets of $6.4m against liabilities of $518k, net assets of $5.9m. It reported 1 employees.