Finishing Trades Institute of West Virginia Region Inc

Analysis

Finishing Trades Institute of West Virginia Region Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Finishing Trades Institute of West Virginia Region Inc reported income of $1.0m and spending of $755k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $879k to $1.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Finishing Trades Institute of West Virginia Region Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within WV. Charities of a similar size with the same main cause include North Pocono Preschool ($1.0m), The Washington Commanders Charitable Foundation Inc ($1.0m) and Athletes Committed to Educating Students ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Other salaries and wages came to $218k. At year end it held assets of $899k against liabilities of $18k, net assets of $881k. It reported 5 employees.