1982 Foundation

Analysis

1982 Foundation is a registered charity in United States, based in Grantsville, WV. It received its IRS tax-exemption ruling in June 2022, 4 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, 1982 Foundation reported income of $896k and spending of $595k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $896k (-24%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1982 Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within WV. Charities of a similar size with the same main cause include Discover Klamath Visitor & Convention Bureau ($896k), Save the Light Inc ($896k) and Yakima Specialties Inc ($896k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $169k. At year end it held assets of $6.2m against liabilities of $3.8m, net assets of $2.4m. It reported 3 employees.