Wades Army

Analysis

Wades Army is a registered charity in United States, based in Skillman, NJ. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Wades Army reported income of $393k and spending of $269k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $393k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wades Army sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Elliot Hospital Associates ($393k), Joseph and Lorraine Stotland Charitable TR ($393k) and Rock Chalk Roundball Classic Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $20k. At year end it held assets of $579k against liabilities of $1,479, net assets of $577k. It reported 1 employees.