Friends of the Cheat Inc

Analysis

Friends of the Cheat Inc is a registered charity in United States, based in Kingwood, WV. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of the Cheat Inc reported income of $2.0m and spending of $1.4m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $618k to $2.0m (+224%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 164%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Cheat Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within WV. Charities of a similar size with the same main cause include Corporation for the Conservation of the San Juan Bay Estuary ($2.0m), Wellfield Botanic Gardens Inc ($2.0m) and Croatan Institute ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $56k (4.0% of expenses). Other salaries and wages came to $208k. At year end it held assets of $2.7m against liabilities of $335k, net assets of $2.4m. It reported 10 employees.