Wilmington Works Inc

Analysis

Wilmington Works Inc is a registered charity in United States, based in Wilmington, VT. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2024, Wilmington Works Inc reported income of $162k and spending of $73k, leaving 55% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $325k to $162k (-50%), an average of -21% a year. The sharpest change came in the year to June 2024, when income rose by 125%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wilmington Works Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 40th percentile within VT. Charities of a similar size with the same main cause include Charity Foundation ($162k), Sya Foundation ($162k) and Ravenna Balloon A-Fair ($162k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (58% of expenses). At year end it held assets of $166k against liabilities of $0, net assets of $166k. It reported 1 employees.