Public Charity

CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA

Based in Charleston, WV, CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA operates as a Public Charity. The organization reported $5.5M in revenue, $5.9M in expenses, $14.5M in total assets for fiscal year 2025. Imperigo tracks 9 reported grant relationships connected to this organization totaling approximately $2.9M.

EIN: 556024192 Charleston, WV Latest filing: 2025
Total Revenue$5.5M
Total Expenses$5.9M
Total Assets$14.5M
Grant Records9
Funding Total$2.9M
Filing Years2020–2025

Mission

Capital Area Development Corporation of West Virginia dba Charleston Area Alliance serves as a catalyst for change for Charleston, Kanawha County, and the surrounding area, leading with innovative and collaborative approaches to shape a prosperous economy that fosters growth and attracts people and investment. We are a community and economic development organization that connects businesses, entrepreneurs and young talent with the resources needed to succeed. Our strategic initiatives stimulate job creation, attract new industries, bolster the region's economic resilience, and support energetic and effective local efforts to renew our capital city as strong and vibrant.

Where $100 goes at Capital Area Development Corporation of West Virginia

How Capital Area Development Corporation of West Virginia divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$88 Programs the work itself
$9 Management running the organization
$3 Fundraising raising the next dollar

Inside the $88 for programs

$71
Economic Development
81% of program spending
$7
Operation of Business Incubator
8% of program spending
$7
Community Development
7% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

Share on LinkedIn Share on Facebook
Add this to your website

Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

CADCO FOUNDATION INC
2025
Support of small business incubator operated by a non-profit related organization, and funding for other economic development initiatives which will encourage workforce relocation into the community and facilitate community revitalization.
$2,260,000
CADCO FOUNDATION INC
2024
Support of small business incubator in a federally designated HUBZone
$177,188
$7,000
CADCO FOUNDATION INC
2023
Support of Small Business Incubator in a federally designated HUBZone
$20,000
Thomas Health System Inc
2023
Event Sponsorship
$7,000

Showing up to 5 of 9 total records — full history available with membership.

Officers & Directors

Director Aaron Sporck
Director Adam R Krason
Director Andrew Robey
Secretary Ben Thomas
Director Bethany Kinder
Director Bryan Brown

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$2,840,064 5 grants
Fundraising & Sponsorship
$17,000 3 grants
General Support
$7,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $5.5M $5.9M $14.5M
2024 $2.7M $1.9M $10.7M
2023 $2.3M $1.8M $9.5M
2022 $3.5M $1.5M $7.4M
2020 $1.7M $1.6M $5.2M

Between 2020 and 2025, reported annual revenue grew from $1.7M to $5.5M (+229%), with total assets most recently reported at $14.5M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA

Complete financials, all 9 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
Start Free Trial → Log In
7-day free trial Cancel any time