Little Kanawha Area Development Corp

Analysis

Little Kanawha Area Development Corp is a registered charity in United States, based in Elizabeth, WV. It received its IRS tax-exemption ruling in May 2002, 24 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 (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, Little Kanawha Area Development Corp reported income of $88k and spending of $71k, spending 80% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $67k to $88k (+31%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Little Kanawha Area Development Corp sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within WV. Charities of a similar size with the same main cause include Brooksville Kiwanis Club Foundation Inc ($88k), Main Street Blytheville Inc ($88k) and Florida Association of Enviromental Professionals Inc ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $64k, net assets of $53k.