Wellston Loop Community Development Corporation

Analysis

Wellston Loop Community Development Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wellston Loop Community Development Corporation reported income of $174k and spending of $176k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $174k (+163%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellston Loop Community Development Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within MO. Charities of a similar size with the same main cause include Little Patriots Embraced Inc ($174k), Winthrop Food Pantry ($174k) and Act II Thrift Shop Inc ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. At year end it held assets of $1 against liabilities of $1,654, net assets of -$1,653.