Hinton Area Foundation Inc

Analysis

Hinton Area Foundation Inc is a registered charity in United States, based in Hinton, WV. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hinton Area Foundation Inc reported income of $673k and spending of $459k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $673k (-34%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hinton Area Foundation Inc sits at the 77th percentile: it is larger than about 77% 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 Fulshear Outreach and Development Corporation ($672k), Society of St Vincent de Paul District Council of Wichita ($673k) and United Way of Moore County Inc ($672k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $35k (7.6% of expenses). Other salaries and wages came to $20k. At year end it held assets of $7.7m against liabilities of $0, net assets of $7.7m. It reported 3 employees.