Ceredo Kenova Community Center Inc

Analysis

Ceredo Kenova Community Center Inc is a registered charity in United States, based in Ceredo, WV. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Ceredo Kenova Community Center Inc reported income of $288k and spending of $271k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $362k to $288k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ceredo Kenova Community Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WV. Charities of a similar size with the same main cause include Lavaca Exposition Association ($288k), Parma Hockey Assn Inc ($288k) and Houston Synchrostars ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $75k. At year end it held assets of $598k against liabilities of $4,892, net assets of $593k. It reported 9 employees.