Wabash Area Development Inc

Analysis

Wabash Area Development Inc is a registered charity in United States, based in Enfield, IL. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wabash Area Development Inc reported income of $12.9m and spending of $13.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.8m to $12.9m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wabash Area Development Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Inland Leaders Charter Schools ($12.9m), Rise Partnership ($12.9m) and The Next Step Public Charter School ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. At year end it held assets of $9.6m against liabilities of $4.3m, net assets of $5.3m. It reported 156 employees.