Healthcare Education Foundation of West Virginia

Analysis

Healthcare Education Foundation of West Virginia is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in August 1966, 60 years ago. 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 December 2023, Healthcare Education Foundation of West Virginia reported income of $3.1m and spending of $3.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.1m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healthcare Education Foundation of West Virginia sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WV. Charities of a similar size with the same main cause include Anza-Borrego Foundation ($3.1m), The Healthy Start Coalition of Flagler & Volusia Counties Inc ($3.1m) and National Postal Forum ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Other salaries and wages came to $287k. At year end it held assets of $1.9m against liabilities of $4.1m, net assets of -$2.2m. It reported 3 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.