Preston County Workshop Inc

Analysis

Preston County Workshop Inc is a registered charity in United States, based in Reedsville, WV. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Preston County Workshop Inc reported income of $1.3m and spending of $1.5m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.3m (+5.4%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Preston County Workshop Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within WV. Charities of a similar size with the same main cause include Centro Community Partners ($1.3m), Virginia Biotechnology Research Park ($1.3m) and No-Mo ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Other salaries and wages came to $879k. At year end it held assets of $2.2m against liabilities of $446k, net assets of $1.7m. It reported 51 employees.