Generation West Virginia Inc

Analysis

Generation West Virginia Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Generation West Virginia Inc reported income of $4.4m and spending of $3.5m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $751k to $4.4m (+480%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 234%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Generation West Virginia Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WV. Charities of a similar size with the same main cause include Communities in Schools of Los Angeles Inc ($4.4m), Boys & Girls Club of Greater Lowell Inc ($4.4m) and Boys and Girls Club of Hawthorne Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $165k (4.7% of expenses). Other salaries and wages came to $629k. At year end it held assets of $2.0m against liabilities of $870k, net assets of $1.2m. It reported 19 employees.