Willard Community Center Corp

Analysis

Willard Community Center Corp is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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, Willard Community Center Corp reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $768k to $1.2m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Willard Community Center Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Project Eats Inc ($1.2m), June Rockwell Levy Foundation Incorporated ($1.2m) and San Antonio Parks Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $65k (5.4% of expenses). Other salaries and wages came to $648k. At year end it held assets of $2.5m against liabilities of $167k, net assets of $2.4m. It reported 77 employees.