Witco Inc

Analysis

Witco Inc is a registered charity in United States, based in Caldwell, ID. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover employment, 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, Witco Inc reported income of $5.6m and spending of $5.1m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.0m to $5.6m (+11%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Witco Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within ID. Charities of a similar size with the same main cause include Worklife Partnership ($5.6m), Workforce Escorsa Inc ($5.6m) and Greater New Bedford Workforce Investment Board Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $10.1m against liabilities of $537k, net assets of $9.5m. It reported 190 employees.