Elkins Depot Welcome Center CVB Inc

Analysis

Elkins Depot Welcome Center CVB Inc is a registered charity in United States, based in Elkins, WV. It received its IRS tax-exemption ruling in July 2019, 7 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 June 2024, Elkins Depot Welcome Center CVB Inc reported income of $320k and spending of $321k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $247k to $320k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elkins Depot Welcome Center CVB Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WV. Charities of a similar size with the same main cause include Services for Extended Employment Inc ($320k), Das Greenhaus Inc ($320k) and LA Puente Community Foundation ($319k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $91k. At year end it held assets of $104k against liabilities of $3,113, net assets of $101k. It reported 5 employees.