Volunteers Enriching Weld Inc

Analysis

Volunteers Enriching Weld Inc is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in June 1971, 55 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 May 2023, Volunteers Enriching Weld Inc reported income of $378k and spending of $289k, leaving 24% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $319k to $378k (+19%), an average of +4.3% a year. The sharpest change came in the year to May 2022, when income rose by 45%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Volunteers Enriching Weld Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Waco Chamber of Commerce Community Development Foundation ($378k), The Bodgery Inc ($378k) and Maine Womens Lobby Education Fund ($377k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $806k against liabilities of $61k, net assets of $745k.