Friends of Vienna

Analysis

Friends of Vienna is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in March 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Vienna reported income of $267k and spending of $196k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $267k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Vienna sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WV. Charities of a similar size with the same main cause include Southeast Texas Economic Development Foundation Inc ($267k), Noble County Convention and Visitors Bureau Inc ($267k) and Bulgaria Innovation Hub Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.