Wv Coalition For Technology Based Economic Development Inc
Wv Coalition For Technology Based Economic Development Inc shows fluctuating financial performance with recent revenue recovery after a significant 2022 deficit.
EIN: 205793624 · South Charleston, WV · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $252K |
| Program Spending | 75% |
| Net Assets | $229K |
| Transparency Score | 70/100 |
Is Wv Coalition For Technology Based Economic Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wv Coalition For Technology Based Economic Development Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wv Coalition For Technology Based Economic Development Inc
Wv Coalition For Technology Based Economic Development Inc (EIN: 205793624) is a nonprofit organization based in South Charleston, WV, classified under NTEE code S30. The organization reported total revenue of $99K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wv Coalition For Technology Based Economic Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wv Coalition For Technology Based Economic Development Inc is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $347K |
| Total Expenses | $252K |
| Surplus / Deficit | +$95K |
| Total Assets | $306K |
| Total Liabilities | $77K |
| Net Assets | $229K |
| Operating Margin | 27.3% |
| Debt-to-Asset Ratio | 25.2% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2023, Wv Coalition For Technology Based Economic Development Inc reported a surplus of $95K with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 25.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wv Coalition For Technology Based Economic Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +64.1% | -20.9% | -57.2% |
| 2022 | -67.3% | -43.9% | -15.8% |
| 2021 | +44.5% | +21.5% | -21.3% |
| 2020 | -23.3% | -5.4% | +84.9% |
| 2019 | -23.9% | -42.5% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wv Coalition For Technology Based Economic Development Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Wv Coalition For Technology Based Economic Development Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $95K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a volunteer leadership structure or that compensation is not paid to officers, which is a strong positive for financial stewardship.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wv Coalition For Technology Based Economic Development Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $647,497 in 2021 to $211,512 in 2022)
- Operating deficits in multiple years (e.g., 2018, 2020, 2022) where expenses exceeded revenue
- High liabilities relative to assets in several periods, suggesting potential financial strain (e.g., 2022 liabilities of $739,232 vs. assets of $714,237)
Strengths
The following positive indicators were identified for Wv Coalition For Technology Based Economic Development Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship or volunteer leadership.
- Positive net income in the most recent filing (2023: $347,132 revenue vs. $252,256 expenses), showing a recovery.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Wv Coalition For Technology Based Economic Development Inc
Is Wv Coalition For Technology Based Economic Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wv Coalition For Technology Based Economic Development Inc (EIN: 205793624) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Wv Coalition For Technology Based Economic Development Inc spend its money?
Wv Coalition For Technology Based Economic Development Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wv Coalition For Technology Based Economic Development Inc tax-deductible?
Wv Coalition For Technology Based Economic Development Inc is registered as a tax-exempt nonprofit (EIN: 205793624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wv Coalition For Technology Based Economic Development Inc's spending goes to programs?
Wv Coalition For Technology Based Economic Development Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wv Coalition For Technology Based Economic Development Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Wv Coalition For Technology Based Economic Development Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wv Coalition For Technology Based Economic Development Inc located?
Wv Coalition For Technology Based Economic Development Inc is headquartered in South Charleston, West Virginia and files with the IRS under EIN 205793624. It is classified under NTEE code S30.
How many years of IRS 990 filings does Wv Coalition For Technology Based Economic Development Inc have?
Wv Coalition For Technology Based Economic Development Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $99K in total revenue.
Is Wv Coalition For Technology Based Economic Development Inc financially stable?
The organization's financial stability has been inconsistent. While 2023 showed a positive net income, 2022 had a significant deficit where expenses exceeded revenue by over $100,000. Assets have also fluctuated considerably, suggesting periods of both growth and contraction.
What caused the large drop in revenue between 2021 and 2022?
The provided data does not specify the exact cause, but revenue decreased from $647,497 in 2021 to $211,512 in 2022, a drop of over 67%. This could be due to loss of grants, changes in funding cycles, or other external factors.
How does the organization manage its liabilities?
Liabilities have often been substantial relative to assets, sometimes exceeding them (e.g., 2018, 2022). In 2022, liabilities ($739,232) were nearly equal to assets ($714,237), indicating a high reliance on borrowed funds or restricted assets.
Filing History
IRS 990 filing history for Wv Coalition For Technology Based Economic Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wv Coalition For Technology Based Economic Development Inc's revenue has grown by 2%, moving from $340K to $347K. Total assets increased by 9.7% over the same period, from $278K to $306K. Total functional expenses fell by 25.8%, from $340K to $252K. In its most recent filing year (2023), Wv Coalition For Technology Based Economic Development Inc reported a surplus of $95K, with revenue exceeding expenses. The organization holds $77K in liabilities against $306K in assets (debt-to-asset ratio: 25.2%), resulting in net assets of $229K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $347K | $252K | $306K | $77K | — | — |
| 2022 | $212K | $319K | $714K | $739K | — | — |
| 2021 | $647K | $568K | $848K | $766K | — | View 990 |
| 2020 | $448K | $468K | $1.1M | $1.1M | — | View 990 |
| 2019 | $585K | $494K | $583K | $561K | — | View 990 |
| 2018 | $768K | $859K | $642K | $710K | — | View 990 |
| 2017 | $511K | $501K | $596K | $573K | — | View 990 |
| 2016 | $410K | $454K | $407K | $394K | — | View 990 |
| 2015 | $402K | $353K | $482K | $424K | — | View 990 |
| 2014 | $364K | $364K | $481K | $472K | — | View 990 |
| 2013 | $551K | $551K | $597K | $589K | — | View 990 |
| 2012 | $545K | $543K | $551K | $542K | — | View 990 |
| 2011 | $340K | $340K | $278K | $270K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $347K, expenses of $252K, and assets of $306K (revenue +64.1% year-over-year).
- 2022: Revenue of $212K, expenses of $319K, and assets of $714K (revenue -67.3% year-over-year).
- 2021: Revenue of $647K, expenses of $568K, and assets of $848K (revenue +44.5% year-over-year).
- 2020: Revenue of $448K, expenses of $468K, and assets of $1.1M (revenue -23.3% year-over-year).
- 2019: Revenue of $585K, expenses of $494K, and assets of $583K (revenue -23.9% year-over-year).
- 2018: Revenue of $768K, expenses of $859K, and assets of $642K (revenue +50.3% year-over-year).
- 2017: Revenue of $511K, expenses of $501K, and assets of $596K (revenue +24.6% year-over-year).
- 2016: Revenue of $410K, expenses of $454K, and assets of $407K (revenue +1.9% year-over-year).
- 2015: Revenue of $402K, expenses of $353K, and assets of $482K (revenue +10.5% year-over-year).
- 2014: Revenue of $364K, expenses of $364K, and assets of $481K (revenue -34.0% year-over-year).
- 2013: Revenue of $551K, expenses of $551K, and assets of $597K (revenue +1.2% year-over-year).
- 2012: Revenue of $545K, expenses of $543K, and assets of $551K (revenue +60.1% year-over-year).
- 2011: Revenue of $340K, expenses of $340K, and assets of $278K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wv Coalition For Technology Based Economic Development Inc:
Data Sources and Methodology
This transparency report for Wv Coalition For Technology Based Economic Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.