Wabash Center Inc

Analysis

Wabash Center Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in January 1966, 60 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 June 2023, Wabash Center Inc reported income of $17.5m and spending of $17.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.9m to $17.5m (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wabash Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Southeastern Vermont Community Action Inc ($17.5m), Meritan Inc ($17.5m) and Family Promise of Tualatin Valley ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $404k (2.3% of expenses). Other salaries and wages came to $11.9m. It paid $42k in professional fundraising fees. At year end it held assets of $17.5m against liabilities of $3.4m, net assets of $14.1m. It reported 651 employees.