Tygart Valley Homestead Association Inc

Analysis

Tygart Valley Homestead Association Inc is a registered charity in United States, based in Dailey, WV. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Tygart Valley Homestead Association Inc reported income of $131k and spending of $94k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $131k (+167%), an average of +167% a year. The sharpest change came in the year to December 2023, when income rose by 167%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tygart Valley Homestead Association Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within WV. Charities of a similar size with the same main cause include Live 180 ($131k), Pioneer Community Development Corporation ($131k) and Community Property Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.