Tygart Valley United Way Inc

Analysis

Tygart Valley United Way Inc is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in March 1959, 67 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tygart Valley United Way Inc reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $901k to $1.1m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 421%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tygart Valley United Way Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within WV. Charities of a similar size with the same main cause include Friends of the Pittsburgh Fisher House Inc ($1.1m), Minnesota State High School League Foundation ($1.1m) and The Community Trust Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $68k (5.8% of expenses). Other salaries and wages came to $382k. At year end it held assets of $1.1m against liabilities of $454k, net assets of $647k. It reported 6 employees.