American Wheat Mission Inc

Analysis

American Wheat Mission Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in September 1994, 32 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, American Wheat Mission Inc reported income of $522k and spending of $511k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $522k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Wheat Mission Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Buffalo Volunteer Fire Department of Cherokee County SC Inc ($522k), National Church Residences of ($522k) and San Marcos Boosters Club ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (5.4% of expenses). Other salaries and wages came to $36k. At year end it held assets of $202k against liabilities of $80k, net assets of $123k. It reported 3 employees.