Eastern West Virginia Community Foundation

Analysis

Eastern West Virginia Community Foundation is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in December 1995, 31 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 (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, Eastern West Virginia Community Foundation reported income of $2.5m and spending of $1.8m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.5m (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eastern West Virginia Community Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Iola Foundation ($2.5m), Ccpro Foundation ($2.5m) and Cigar Family Charitable Foundation Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $135k (7.4% of expenses). Other salaries and wages came to $153k. At year end it held assets of $39.9m against liabilities of $2.8m, net assets of $37.0m. It reported 5 employees.