W L C Management Company Inc

Analysis

W L C Management Company Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in July 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, W L C Management Company Inc reported income of $681k and spending of $682k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $681k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, W L C Management Company Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Cortland County Convention & Visitors Bureau Inc ($681k), Market District Improvement Corporation ($681k) and The Mid-South Technical Assistance and Development Pool ($681k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $476k. At year end it held assets of $1.2m against liabilities of $24k, net assets of $1.2m. It reported 5 employees.