Irene Wortham Center Inc

Analysis

Irene Wortham Center Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 1964, 62 years ago. 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, Irene Wortham Center Inc reported income of $4.8m and spending of $4.8m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.5m to $4.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Irene Wortham Center Inc 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 93rd percentile within NC. Charities of a similar size with the same main cause include The Masters School Inc ($4.8m), Monique Inc ($4.8m) and Hogar Ruth Para Mujeres Maltratadas Inc ($4.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $74k (1.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.1m against liabilities of $366k, net assets of $3.7m. It reported 187 employees.