Beckley Area Foundation Inc

Analysis

Beckley Area Foundation Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in January 1985, 41 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Beckley Area Foundation Inc reported income of $9.8m and spending of $2.3m, leaving 76% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.5m to $9.8m (+286%), an average of +40% a year. The sharpest change came in the year to March 2022, when income rose by 546%. Over the whole period it spent 30% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beckley Area Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WV. Charities of a similar size with the same main cause include West Central Initiative ($9.8m), Rodef Chesed ($9.8m) and Scintilla Charter Academy Inc ($9.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $209k (9.1% of expenses). Other salaries and wages came to $95k. At year end it held assets of $74.0m against liabilities of $18k, net assets of $74.0m. It reported 6 employees.