Philanthropy West Virginia Inc

Analysis

Philanthropy West Virginia Inc is a registered charity in United States, based in S Charleston, WV. It received its IRS tax-exemption ruling in January 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Philanthropy West Virginia Inc reported income of $261k and spending of $397k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $441k to $261k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 180%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropy West Virginia Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WV. Charities of a similar size with the same main cause include Childrens Network International Inc ($261k), Lake Park Friends Ltd ($261k) and Rose Garden Adult Day Services ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $98k (25% of expenses). Other salaries and wages came to $106k. At year end it held assets of $489k against liabilities of $33k, net assets of $456k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.