Work4wv-Region I Inc

Analysis

Work4wv-Region I Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover employment, 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 June 2023, Work4wv-Region I Inc reported income of $4.2m and spending of $4.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.2m (+39%), an average of +8.5% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Work4wv-Region I Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WV. Charities of a similar size with the same main cause include Willamette Valley Rehabilitation Center Inc ($4.2m), Sunrise County Economic Council ($4.2m) and Beverly Bootstraps Community Services Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (2.8% of expenses). Other salaries and wages came to $937k. At year end it held assets of $1.4m against liabilities of $1.3m, net assets of $136k. It reported 93 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.