Kanawha Valley Homes Inc

Analysis

Kanawha Valley Homes Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in March 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Kanawha Valley Homes Inc reported income of $1.5m and spending of $1.8m, spending 117% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.3m to $1.5m (+15%), an average of +4.6% a year. The sharpest change came in the year to March 2021, when income rose by 23%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kanawha Valley Homes Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within WV. Charities of a similar size with the same main cause include Greater Wheeling Coalition for the Homeless Inc ($1.5m), Catchafire Foundation ($1.5m) and Faith Matters Network Collaborative ($1.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. At year end it held assets of $4.8m against liabilities of $4.0m, net assets of $814k.