Community Foundation for the Ohio Valley Inc

Analysis

Community Foundation for the Ohio Valley Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in September 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Foundation for the Ohio Valley Inc reported income of $7.4m and spending of $4.9m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.1m to $7.4m (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2021, when income rose by 216%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for the Ohio Valley Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Lincoln County Opportunity Company ($7.3m), Southwest Washington Workforce Development Council ($7.4m) and Black Hills Area Community Foundation ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $127k (2.6% of expenses). Other salaries and wages came to $288k. At year end it held assets of $79.9m against liabilities of $5.1m, net assets of $74.8m. It reported 7 employees.