United Way of Central West Virginia Inc

Analysis

United Way of Central West Virginia Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in July 1958, 68 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 June 2023, United Way of Central West Virginia Inc reported income of $4.3m and spending of $4.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.3m (+18%), an average of +4.2% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Central West Virginia Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WV. Charities of a similar size with the same main cause include Fnub Inc ($4.3m), Greater Gallatin United Way Inc ($4.3m) and Generations United Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $204k (5.0% of expenses). Other salaries and wages came to $654k. At year end it held assets of $2.6m against liabilities of $335k, net assets of $2.3m. It reported 111 employees.