Winona Volunteer Services Inc

Analysis

Winona Volunteer Services Inc is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in June 1974, 52 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, Winona Volunteer Services Inc reported income of $3.9m and spending of $1.3m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.9m (+250%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Winona Volunteer Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Young Womens Christian Association of Sonoma County ($3.9m), Penacook Assisted Living Facility Inc ($3.9m) and Sauk Valley Foodbank ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $93k (7.4% of expenses). Other salaries and wages came to $213k. At year end it held assets of $9.1m against liabilities of $3.3m, net assets of $5.8m. It reported 5 employees.