W B N a Inc

Analysis

W B N a Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 1993, 33 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 December 2023, W B N a Inc reported income of $258k and spending of $195k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $258k (+162%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, W B N a Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within RI. Charities of a similar size with the same main cause include Fields Corner Main Street Inc ($258k), Texas Associtation of Business & Chambers of Commerce Foundation ($258k) and Inspire Excellence Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $44k (23% of expenses). Other salaries and wages came to $52k. At year end it held assets of $835k against liabilities of $207k, net assets of $628k.