Wheeling National Heritage Area Corporation

Analysis

Wheeling National Heritage Area Corporation is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in December 1995, 31 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 September 2023, Wheeling National Heritage Area Corporation reported income of $1.1m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $1.1m (-14%), an average of -3.6% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wheeling National Heritage Area Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within WV. Charities of a similar size with the same main cause include Greater Freeport Partnership ($1.1m), Emerge Global ($1.1m) and Freedom Equity Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $90k (7.5% of expenses). Other salaries and wages came to $300k. At year end it held assets of $6.3m against liabilities of $1.1m, net assets of $5.2m. It reported 20 employees.