Wabash Marketplace Inc

Analysis

Wabash Marketplace Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in April 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wabash Marketplace Inc reported income of $162k and spending of $179k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $162k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wabash Marketplace Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include Morrisville Senior Servicecenter ($162k), Marathi Kala Mandal ($162k) and Little League Baseball Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $51k (28% of expenses). Other salaries and wages came to $54k. At year end it held assets of $350k against liabilities of $4,810, net assets of $345k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.