Wasco Inc

Analysis

Wasco Inc is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Wasco Inc reported income of $2.5m and spending of $2.9m, spending 113% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $3.2m to $2.5m (-20%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income rose by 193%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wasco Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include De Paul House Inc ($2.5m), American College of Toxicology ($2.5m) and Rowan-Cabarrus Community College Foundation Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $72k (2.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.3m against liabilities of $153k, net assets of $1.1m. It reported 137 employees.