West Virginia Free Incorporated

Analysis

West Virginia Free Incorporated is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in March 1993, 33 years ago. 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, West Virginia Free Incorporated reported income of $441k and spending of $440k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $441k (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Virginia Free Incorporated sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WV. Charities of a similar size with the same main cause include Local Government Academy ($441k), Clark-Lindsey Holdings Inc ($441k) and South Richmond Adult Day Care Center Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $123k (28% of expenses). Other salaries and wages came to $104k. At year end it held assets of $644k against liabilities of $33k, net assets of $610k. It reported 5 employees.