Whitmore Economic Development Group

Analysis

Whitmore Economic Development Group is a registered charity in United States, based in Wahiawa, HI. It received its IRS tax-exemption ruling in March 2015, 11 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, Whitmore Economic Development Group reported income of $60k and spending of $39k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $60k (+201%), an average of +201% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Whitmore Economic Development Group sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within HI. Charities of a similar size with the same main cause include Unisal ($60k), Junior League of Columbus Ga Inc ($60k) and Rayl Charitable Organization ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.