Wabash County Business Alliance Foundation Inc

Analysis

Wabash County Business Alliance Foundation Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in April 1983, 43 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, Wabash County Business Alliance Foundation Inc reported income of $234k and spending of $316k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $329k to $234k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2022, when income rose by 203%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wabash County Business Alliance Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Each Green Corner ($234k), Outreach Exceptional Learning ($234k) and Scarsdale Womans Exchange Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.