Wumco Help Inc

Analysis

Wumco Help Inc is a registered charity in United States, based in Poolesville, MD. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wumco Help Inc reported income of $565k and spending of $456k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $565k (+279%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 243%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wumco Help Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Calvary Community Inc IV ($565k), Patrick Community Living Facility Inc ($565k) and Sunset Hill Inc ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $52k (11% of expenses). Other salaries and wages came to $77k. At year end it held assets of $1.2m against liabilities of $279k, net assets of $875k. It reported 6 employees.