W I B Inc

Analysis

W I B Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover employment, 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 June 2024, W I B Inc reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $2.6m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, W I B Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Community Warehouse Inc ($2.6m), Cleaners Extraordinaire ($2.6m) and Du Page County Joint Apprenticeship & Training Committee Local Union ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $190k (7.3% of expenses). Other salaries and wages came to $281k. At year end it held assets of $894k against liabilities of $430k, net assets of $464k. It reported 196 employees.