Wacosa

Analysis

Wacosa is a registered charity in United States, based in Waite Park, MN. It received its IRS tax-exemption ruling in October 2015, 11 years ago. 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 2023, Wacosa reported income of $9.5m and spending of $8.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $9.5m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wacosa sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Adopt-A-Family of the Palm Beaches Inc ($9.5m), American Health Law Association ($9.5m) and Boys and Girls Club of the Kenai Peninsula ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $245k (2.8% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $12.6m against liabilities of $1.2m, net assets of $11.4m. It reported 492 employees.