Communityworks in West Virginia Inc

Analysis

Communityworks in West Virginia Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Communityworks in West Virginia Inc reported income of $675k and spending of $456k, leaving 32% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $820k to $675k (-18%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Communityworks in West Virginia Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within WV. Charities of a similar size with the same main cause include Hacienda Villas Inc ($675k), Vicksburg Elderly Housing Inc ($676k) and Cmhi Property Management Inc ($675k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $76k (17% of expenses). Other salaries and wages came to $112k. At year end it held assets of $3.9m against liabilities of $634k, net assets of $3.3m. It reported 5 employees.