Wharf District Council Inc

Analysis

Wharf District Council Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2021, 5 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, Wharf District Council Inc reported income of $69k and spending of $335k, spending 489% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $39k to $69k (+74%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 1419%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wharf District Council Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Kiwanis Club of Alcoa Tennessee Foundation Inc ($69k), Port Richmond Industrial Development Enterprise Inc ($69k) and Pearls of Life Women Foundation Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.