West Virginia Center on Budget and Policy Inc

Analysis

West Virginia Center on Budget and Policy Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, West Virginia Center on Budget and Policy Inc reported income of $1.6m and spending of $1.0m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $510k to $1.6m (+207%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 195%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Virginia Center on Budget and Policy Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within WV. Charities of a similar size with the same main cause include A K Bean Foundation ($1.6m), Park Court Limited ($1.6m) and Frankford Volunteer Fire Co ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $97k (9.6% of expenses). Other salaries and wages came to $395k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 10 employees.