Wells County Revitalization Inc

Analysis

Wells County Revitalization Inc is a registered charity in United States, based in Bluffton, IN. It received its IRS tax-exemption ruling in October 1990, 36 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wells County Revitalization Inc reported income of $376k and spending of $294k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $666k to $376k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wells County Revitalization Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Chinle Planting Hope ($376k), Celebrate Committee Inc ($376k) and Strategic Alliance Community Development Corporation ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 16% of the total. At year end it held assets of $2.8m against liabilities of $350k, net assets of $2.4m.