Enchantment Inc

Analysis

Enchantment Inc is a registered charity in United States, based in West Bend, WI. It received its IRS tax-exemption ruling in August 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 March 2024, Enchantment Inc reported income of $172k and spending of $186k, spending 108% of what it took in. Across the 3 years on record, from March 2020 to March 2024, income grew from $140k to $172k (+23%), an average of +11% a year. The sharpest change came in the year to March 2024, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Enchantment Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within WI. Charities of a similar size with the same main cause include Washington State Council of Firefighters Benevolent Fund ($172k), Childrens Home Society of Virginia Memorial Fund Inc ($172k) and Denison Helping Hands ($172k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.