Wpda Inc

Analysis

Wpda Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Wpda Inc reported income of $498k and spending of $1.6m, spending 315% of what it took in. The sharpest change came in the year to December 2023, when income rose by 494%. Over the whole period it spent -138% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wpda Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Cristo Rey Research Triangle Corporate Work Study Program Inc ($497k), Voice Buffalo Inc ($498k) and Building and Supporting Entrepreneurship of Se Lancaster ($497k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 76% of the total. Compensation of current officers, directors and key employees was $250k (16% of expenses). At year end it held assets of $15.3m against liabilities of $606k, net assets of $14.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.