Wentworth Economic Development Corporation Inc

Analysis

Wentworth Economic Development Corporation Inc is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Wentworth Economic Development Corporation Inc reported income of $582k and spending of $659k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $582k (+174%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wentworth Economic Development Corporation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within NH. Charities of a similar size with the same main cause include O a P Inc ($582k), Westport Downtown Association Inc ($582k) and Durham Foundation Annie Watts Hill Fund ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $25k (3.8% of expenses). Other salaries and wages came to $28k. At year end it held assets of $1.9m against liabilities of $789k, net assets of $1.1m. It reported 3 employees.