Southern West Virginia Community College Foundation

Analysis

Southern West Virginia Community College Foundation is a registered charity in United States, based in Logan, WV. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern West Virginia Community College Foundation reported income of $401k and spending of $513k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $603k to $401k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income rose by 177%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern West Virginia Community College Foundation 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 67th percentile, and in the 65th percentile within WV. Charities of a similar size with the same main cause include Agapao Fellowship ($401k), Cocoplum Nature School Inc ($401k) and Ashland Faith Fund Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Compensation of current officers, directors and key employees was $4,800 (0.9% of expenses). At year end it held assets of $4.7m against liabilities of $895, net assets of $4.7m.