WVSL Works Inc

Analysis

WVSL Works Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, WVSL Works Inc reported income of $678k and spending of $681k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $268k to $678k (+153%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, WVSL Works Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within WV. Charities of a similar size with the same main cause include Lead4tomorrow ($678k), Hagar House Incorporated ($678k) and Buddys Second Chance Rescue Inc ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $324k. At year end it held assets of $71k against liabilities of $272k, net assets of -$201k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.