Wyoming County Business Assistance Corporation

Analysis

Wyoming County Business Assistance Corporation is a registered charity in United States, based in Warsaw, NY. It received its IRS tax-exemption ruling in September 2009, 17 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, Wyoming County Business Assistance Corporation reported income of $335k and spending of $270k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $335k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 144% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wyoming County Business Assistance Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Hellgate Management Corporation ($335k), Common Ground Inc ($335k) and Center for Rural Outreach and Public Services Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 19% of the total. At year end it held assets of $3.8m against liabilities of $169k, net assets of $3.7m.