Ritchie County Educational Trust

Analysis

Ritchie County Educational Trust is a registered charity in United States, based in Harrisville, WV. It received its IRS tax-exemption ruling in June 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ritchie County Educational Trust reported income of $520k and spending of $55k, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $864k to $520k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 7.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ritchie County Educational Trust sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WV. Charities of a similar size with the same main cause include Forest Park Montessori School LLC ($520k), Hawaii Dental Association Foundation Inc ($520k) and Charter Development Foundation Inc ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. Compensation of current officers, directors and key employees was $21k (38% of expenses). At year end it held assets of $5.7m against liabilities of $193, net assets of $5.7m. It reported 1 employees.