Family Medicine Foundation of West Virginia Inc

Analysis

Family Medicine Foundation of West Virginia Inc is a registered charity in United States, based in Flatwoods, WV. It received its IRS tax-exemption ruling in October 1982, 44 years ago. 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, Family Medicine Foundation of West Virginia Inc reported income of $266k and spending of $250k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $266k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Medicine Foundation of West Virginia Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within WV. Charities of a similar size with the same main cause include Geneva Lake Museum Inc ($266k), Governor William Blount Mansion Association ($266k) and Victory Train Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $10k (4.0% of expenses). At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.