Wig Bank of Caldwell County

Analysis

Wig Bank of Caldwell County is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in December 2003, 23 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, Wig Bank of Caldwell County reported income of $173k and spending of $129k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $173k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wig Bank of Caldwell County sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Shanti Childrens Foundation ($173k), Child Welfare Citizens Board of Oklahoma Inc ($173k) and Thanks Mom & Dad Fund Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $352k against liabilities of $370, net assets of $352k.