Logan County Charitable and Educational Foundation Inc

Analysis

Logan County Charitable and Educational Foundation Inc is a registered charity in United States, based in Logan, WV. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Logan County Charitable and Educational Foundation Inc reported income of $504k and spending of $376k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $504k (-73%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 552%. Over the whole period it spent 27% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Logan County Charitable and Educational Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WV. Charities of a similar size with the same main cause include Guardianship Services of Saginaw County Inc ($504k), Pennsylvania State Association of County Fairs ($504k) and Gateway Industries of Eldon ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $7.3m against liabilities of $235, net assets of $7.3m. It reported 1 employees.