South Charleston Convention & Visitors Bureau Inc

Analysis

South Charleston Convention & Visitors Bureau Inc is a registered charity in United States, based in S Charleston, WV. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, 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, South Charleston Convention & Visitors Bureau Inc reported income of $272k and spending of $293k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $277k to $272k (-2.0%), an average of -0.5% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Charleston Convention & Visitors Bureau Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WV. Charities of a similar size with the same main cause include Montgomery Institute ($272k), Emmetsburg Community Developmentcorporation ($272k) and Colleyville Womans Club ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $54k (18% of expenses). Other salaries and wages came to $40k. At year end it held assets of $63k against liabilities of $5,824, net assets of $57k. It reported 2 employees.