Depot Exchange Inc

Analysis

Depot Exchange Inc is a registered charity in United States, based in Fennimore, WI. It received its IRS tax-exemption ruling in February 2005, 21 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, Depot Exchange Inc reported income of $262k and spending of $195k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $262k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Depot Exchange Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Dream Riders of Kentucky Incorporated ($262k), Step Up Parents ($262k) and The Arc Washington County Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Other salaries and wages came to $97k. At year end it held assets of $320k against liabilities of $0, net assets of $320k. It reported 6 employees.