Wbec Metro Ny and Greater DMV Inc

Analysis

Wbec Metro Ny and Greater DMV Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wbec Metro Ny and Greater DMV Inc reported income of $2.8m and spending of $3.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.8m (+12%), an average of +2.8% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wbec Metro Ny and Greater DMV Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Plumbers and Pipefitters of Dallas Apprenticeship Training Fund ($2.8m), Thunderbird Preparatory Academy Inc ($2.8m) and Peace Valley Charter School Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $408k (14% of expenses). Other salaries and wages came to $913k. At year end it held assets of $3.0m against liabilities of $630k, net assets of $2.3m. It reported 25 employees.