Wayne County Development Allianceinc

Analysis

Wayne County Development Allianceinc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, 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 2023, Wayne County Development Allianceinc reported income of $11.0m and spending of $10.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $11.0m (+486%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 2026%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wayne County Development Allianceinc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Indianapolis Downtown Inc ($11.0m), Jobtrain Inc ($11.0m) and Urban Edge Housing Corp ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $15.1m against liabilities of $9.3m, net assets of $5.8m.