New Wilmington Edcom

Analysis

New Wilmington Edcom is a registered charity in United States, based in New Wilmngtn, PA. It received its IRS tax-exemption ruling in March 2016, 10 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, New Wilmington Edcom reported income of $177k and spending of $112k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $227k to $177k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Wilmington Edcom 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 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Hcpi Development Fund Inc ($177k), Friends of Downtown Pensacola Inc ($177k) and Rotary Club of El Paso Foundation Inc ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.