Overview

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Est.

1963

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Capital Area Development Corporation of West Virginia is a nonprofit organization focused on urban development, dedicated to fostering economic and community growth through initiatives that support local businesses, job creation, and industry retention. With an operating budget of $1.7 million and total revenue of $2.7 million for the 2024 filing year, the organization relies on multiple funders, none of which contribute 50% or more of its revenue. More information can be found on their website at www.charlestonareaalliance.org.

Mission Statement

Capital Area Development Corporation of West Virginia provides a wide range of economic and community development, and member support initiatives to encourage local business growth, jobs creation, industry recruitment and retention. We work to create a more vibrant community and prosperous economy.
Revenues
$2.7M
Expenses
$1.9M
Net Income:
+$769.9K
Assets
$10.7M
Liabilities
$2.6M
Net Assets:
+$8.2M
Operating Budget
$1.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$7K
Largest grant received
$177.2K
D
Debra S James
Board Member
B
Ben Thomas
Board Member
L
Lyle Smith
Board Member

Frequently Asked Questions

What is CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA’s budget?
In 2024, CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA support?
CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA supports work in Urban development.
Where does CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA operate?
CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA is headquartered in Charleston, WV.
Who funded CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA recently?
In 2024, CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA received grants from CADCO FOUNDATION INC, Thomas Health System Inc, and Herbert J Thomas Memorial Hospital Association. More information on this organization’s funders is available to registered users.
What is the largest grant CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA received in 2024?
The largest grant to CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA in 2024 exceeds $177 thousand.
What is CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA’s reliance on government grants?
CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA relied on government grants for more than 40% of their total revenue in 2024.