Moundsville Economic Development Council Inc

Analysis

Moundsville Economic Development Council Inc is a registered charity in United States, based in Moundsville, WV. It received its IRS tax-exemption ruling in August 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Moundsville Economic Development Council Inc reported income of $661k and spending of $616k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $583k to $661k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Moundsville Economic Development Council Inc sits at the 71st percentile: it is larger than about 71% 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 Assistance League of Santa Monica ($660k), National Organization of Black Elected Legislative Women Inc ($661k) and Buckhannon-Upshur Work Adjustment Center Inc ($660k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 83% of the total. Other salaries and wages came to $327k. At year end it held assets of $803k against liabilities of $24k, net assets of $779k. It reported 61 employees.