Discover the Real West Virginia Foundation Inc

Analysis

Discover the Real West Virginia Foundation Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Discover the Real West Virginia Foundation Inc reported income of $142k and spending of $158k, spending 112% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $155k to $142k (-8.3%), an average of -2.9% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Discover the Real West Virginia Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within WV. Charities of a similar size with the same main cause include Community Chest of Cicero ($142k), Buffalo River Community Development Corporation ($142k) and Womans Club ($142k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $74k (46% of expenses). At year end it held assets of $83k against liabilities of $2,100, net assets of $81k. It reported 1 employees.