Elk City Renewal Association Inc

Analysis

Elk City Renewal Association Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Elk City Renewal Association Inc reported income of $125k and spending of $79k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $125k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elk City Renewal Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within WV. Charities of a similar size with the same main cause include Elysian Valley Arts Collective ($125k), Vistas Lifelong Learning Inc ($125k) and Miami Jazz Cooperative Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $181k against liabilities of $660, net assets of $180k.