West Central Development Corporation

Analysis

West Central Development Corporation is a registered charity in United States, based in Perrysburg, OH. It received its IRS tax-exemption ruling in July 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, West Central Development Corporation reported income of $2.0m and spending of $652k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $731k to $2.0m (+175%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Central Development Corporation 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 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Chester Area Senior Housing Non-Profit Corporation Inc ($2.0m), Shenandoah Valley Workforce Investment Board Inc ($2.0m) and Innovate PGH Partnership ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $263k (40% of expenses). Other salaries and wages came to $95k. At year end it held assets of $5.8m against liabilities of $1.2m, net assets of $4.6m. It reported 3 employees.