Friends of West Virginia Public Broadcasting Inc

Analysis

Friends of West Virginia Public Broadcasting Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Friends of West Virginia Public Broadcasting Inc reported income of $2.1m and spending of $818k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $2.1m (+3.5%), an average of +0.9% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of West Virginia Public Broadcasting Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WV. Charities of a similar size with the same main cause include Croswell Opera House & Fine Arts Association ($2.1m), Korean-American Scientists and Engineers Association Inc ($2.1m) and Lahaina Restoration Foundation ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. At year end it held assets of $1.9m against liabilities of $18k, net assets of $1.9m.