Wrench It Forward Inc

Analysis

Wrench It Forward Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Wrench It Forward Inc reported income of $184k and spending of $140k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $105k to $184k (+75%), an average of +20% a year. The sharpest change came in the year to December 2021, 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, Wrench It Forward Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Association of Snap Nutrition Education Administrators ($184k), Project Peace Latin America Inc ($184k) and House with Heart Inc ($184k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 59% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $41k (29% of expenses). It paid $194 in professional fundraising fees. At year end it held assets of $280k against liabilities of $6,478, net assets of $273k. It reported 1 employees.