Wheeler Creek Community Development Corporation

Analysis

Wheeler Creek Community Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1999, 27 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, Wheeler Creek Community Development Corporation reported income of $4.7m and spending of $4.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.7m (+102%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wheeler Creek Community Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 79th percentile within DC. Charities of a similar size with the same main cause include Southwest Michigan Community Action Agency ($4.7m), Landmark Services Inc ($4.7m) and Futures Rehabilitation Center Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $156k (3.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.3m against liabilities of $95k, net assets of $2.2m. It reported 56 employees.