Project Share of Wadena Inc

Analysis

Project Share of Wadena Inc is a registered charity in United States, based in Wadena, MN. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Project Share of Wadena Inc reported income of $94k and spending of $94k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $94k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Share of Wadena Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Longview Greggton Rotary Charities Inc ($94k), Safe Place Community Center Inc ($94k) and Mothers Club of Edward Douglas White Catholic High School ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $4,960 (5.3% of expenses). At year end it held assets of $253k against liabilities of $0, net assets of $253k.