Wills Place Inc

Analysis

Wills Place Inc is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in February 2017, 9 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wills Place Inc reported income of $162k and spending of $128k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.6m to $162k (-90%), an average of -90% a year. The sharpest change came in the year to December 2023, when income dropped by 90%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wills Place Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Bloomington High School South Band Boosters Association Inc ($162k), The International Order of St Luke the Physician ($162k) and Society for Pediatric and Perinatal Epidemiologic Research ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 3 employees.