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 $2.7M in revenue, $1.9M in expenses, $10.7M in total assets for fiscal year 2024. Imperigo tracks 8 reported grant relationships connected to this organization totaling approximately $604K.

EIN: 556024192 Charleston, WV Latest filing: 2024
Total Revenue$2.7M
Total Expenses$1.9M
Total Assets$10.7M
Grant Records8
Funding Total$604K
Filing Years2020–2024

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 plan will 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.

Officers & Directors

Director Aaron Sporck
Chair Adam R Krason
Director Ben Thomas
Director Bob Welch
Director C Anthony Parker
Director Chris Morris

Officer compensation and complete director data available with membership.

Top Grant Purposes

Business Incubator
$205,688 1 grant
Support of small business incubator in a federally designated HUBZone
$177,188 1 grant
Support of business incubator
$177,188 1 grant
Support of Small Business Incubator in a federally designated HUBZone
$20,000 1 grant
CO-SPONSOR LEADERSHIP KANAWHA VALLEY
$10,000 2 grants

Financial Trends

Year Revenue Expenses Assets
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 2024, reported annual revenue grew from $1.7M to $2.7M (+61%), with total assets most recently reported at $10.7M.

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

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