Cardinal Institute for West Virginia Policy Inc

Analysis

Cardinal Institute for West Virginia Policy Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover social science, 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 December 2023, Cardinal Institute for West Virginia Policy Inc reported income of $923k and spending of $832k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $325k to $923k (+184%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cardinal Institute for West Virginia Policy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within WV. Charities of a similar size with the same main cause include Cook County Historical Society ($923k), The Center for Contemporary Arts of Santa Fe Inc ($923k) and Oikonos-Ecosystem Knowledge ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Other salaries and wages came to $371k. At year end it held assets of $871k against liabilities of $23k, net assets of $848k. It reported 9 employees.