Working Capital for Community Needs Inc

Analysis

Working Capital for Community Needs Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Working Capital for Community Needs Inc reported income of $1.9m and spending of $2.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Working Capital for Community Needs Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Near East South Asia Council of Overseas Schools ($1.9m), Exile International Inc ($1.9m) and Resource & Policy Exchange Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $154k (7.2% of expenses). Other salaries and wages came to $193k. At year end it held assets of $15.0m against liabilities of $13.6m, net assets of $1.4m. It reported 4 employees.