WNC Communities

Analysis

WNC Communities is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 1953, 73 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, WNC Communities reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.6m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, WNC Communities sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Casa de Peregrinos Inc ($1.6m), Rican-Rhode Island Center Assisting Those in Need ($1.6m) and Local Matters ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $75k (4.3% of expenses). Other salaries and wages came to $150k. At year end it held assets of $3.8m against liabilities of $39k, net assets of $3.8m. It reported 6 employees.