Edwards Foundation Inc

Analysis

Edwards Foundation Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in November 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Edwards Foundation Inc reported income of $1.6m and spending of $28.9m, spending 1830% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.5m to $1.6m (-81%), an average of -43% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 193% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edwards Foundation Inc sits at the 85th percentile: it is larger than about 85% 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 Fremont Area United Way ($1.6m), Highland Park Community Foundation ($1.6m) and Greater Fayette Community Foundation ($1.6m).

At year end it held assets of $22.5m against liabilities of $2.7m, net assets of $19.8m.