Westerville Industry and Commerce Corpor

Analysis

Westerville Industry and Commerce Corpor is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in September 2010, 16 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, Westerville Industry and Commerce Corpor reported income of $9.3m and spending of $351k, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $9.3m (+2136%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 18559%. Over the whole period it spent 23% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westerville Industry and Commerce Corpor sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Red Pot Los Derechos de LA Ninez Y Juventud de Puerto Rico Inc ($9.3m), North Lawndale Employment Network ($9.3m) and Central Susquehanna Opportunities Inc ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $10.2m against liabilities of $0, net assets of $10.2m.