Greater Kanawha Valley Foundation

Analysis

Greater Kanawha Valley Foundation is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in April 1965, 61 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, Greater Kanawha Valley Foundation reported income of $26.8m and spending of $17.2m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.5m to $26.8m (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Kanawha Valley Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within WV. Charities of a similar size with the same main cause include Quad Cities Golf Classic Charitable Foundation ($26.6m), Points of Light Foundation ($27.1m) and Toledo Community Foundation ($26.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $440k (2.6% of expenses). Other salaries and wages came to $856k. At year end it held assets of $323.2m against liabilities of $10.4m, net assets of $312.9m. It reported 18 employees.