West Virginia Emulation Endowment Trust

Analysis

West Virginia Emulation Endowment Trust is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 1969, 57 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, West Virginia Emulation Endowment Trust reported income of $610k and spending of $335k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $610k (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 80%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Virginia Emulation Endowment Trust sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Bristow Social Services Inc ($610k), Volunteers of America Inc ($610k) and Children in Placement Connecticut Inc ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $36k (11% of expenses). At year end it held assets of $9.1m against liabilities of $0, net assets of $9.1m.