American Waldensian Aid Society

Analysis

American Waldensian Aid Society is a registered charity in United States, based in Valdese, NC. It received its IRS tax-exemption ruling in September 1938, 88 years ago. 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, American Waldensian Aid Society reported income of $215k and spending of $237k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $215k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Waldensian Aid Society sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Transformations by Austin Angels ($215k), Jackson Memorial Library ($215k) and Lake Hills Soccer Club ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $26k (11% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.7m against liabilities of $132k, net assets of $1.6m. It reported 2 employees.