United Methodist Foundation of West Virginia Inc

Analysis

United Methodist Foundation of West Virginia Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, United Methodist Foundation of West Virginia Inc reported income of $3.7m and spending of $3.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.3m to $3.7m (-60%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, United Methodist Foundation of West Virginia Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WV. Charities of a similar size with the same main cause include National Catholic Reporter Publishing Company ($3.7m), Fresno Interdenominational Refugee Ministries ($3.7m) and Expected End Ministries Corporation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% of the total. Compensation of current officers, directors and key employees was $383k (11% of expenses). Other salaries and wages came to $83k. At year end it held assets of $140.9m against liabilities of $68.6m, net assets of $72.3m. It reported 6 employees.