Parkersburg Area Community Foundation Inc

Analysis

Parkersburg Area Community Foundation Inc is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in April 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Parkersburg Area Community Foundation Inc reported income of $8.7m and spending of $4.0m, leaving 54% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.0m to $8.7m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 280%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parkersburg Area Community Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Lensic Performing Arts Center Corporation ($8.7m), Bokf Foundation ($8.7m) and Osa Foundation Inc ($8.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $148k (3.7% of expenses). Other salaries and wages came to $208k. At year end it held assets of $87.9m against liabilities of $3.5m, net assets of $84.5m. It reported 7 employees.