Waucoma Community Development Group

Analysis

Waucoma Community Development Group is a registered charity in United States, based in Waucoma, IA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Waucoma Community Development Group reported income of $99k and spending of $103k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $99k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 70%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waucoma Community Development Group sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IA. Charities of a similar size with the same main cause include Rockport High School Alumni Association ($99k), Washington Elementary School Parent-Teacher Organization Inc ($99k) and PTA Arizona Congress of Parents & Teachers Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $12k (12% of expenses). At year end it held assets of $851k against liabilities of $0, net assets of $851k. It reported 2 employees.

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.