West Virginia Land Stewardship Corporation

Analysis

West Virginia Land Stewardship Corporation is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in August 2016, 10 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 June 2023, West Virginia Land Stewardship Corporation reported income of $442k and spending of $314k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.1m to $442k (-89%), an average of -52% a year. The sharpest change came in the year to June 2021, when income dropped by 61%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Virginia Land Stewardship Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WV. Charities of a similar size with the same main cause include Princeton-Tulip Water Assoc ($442k), Mid Iowa Development Fund Inc ($442k) and Opportunity Transformation Investments Inc ($442k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 111% of the total. Other salaries and wages came to $96k. At year end it held assets of $908k against liabilities of $12k, net assets of $896k. It reported 2 employees.