Wanada Automobile Dealer Educationinstitute

Analysis

Wanada Automobile Dealer Educationinstitute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2008, 18 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 December 2023, Wanada Automobile Dealer Educationinstitute reported income of $1.1m and spending of $706k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $1.1m (+232%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 113%. 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, Wanada Automobile Dealer Educationinstitute sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Central United Methodist Church of Detroit Community Development Corp ($1.1m), South Central Minn Elec Industry Joint Apprentshp & Train Trust FD ($1.1m) and Appalachian Forest Heritage Area Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Other salaries and wages came to $193k. At year end it held assets of $1.6m against liabilities of $390k, net assets of $1.2m.