Wabasha Area Community Resource Center

Analysis

Wabasha Area Community Resource Center is a registered charity in United States, based in Wabasha, MN. It received its IRS tax-exemption ruling in August 2012, 14 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, Wabasha Area Community Resource Center reported income of $113k and spending of $78k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $113k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wabasha Area Community Resource Center sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Operation Tango Mike ($113k), Faith in Action of Marathon County Inc ($113k) and Foster Care in the US Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $193k against liabilities of $44k, net assets of $149k.