W a M Y Community Action Inc

Analysis

W a M Y Community Action Inc is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in January 1965, 61 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 2023, W a M Y Community Action Inc reported income of $2.1m and spending of $2.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.1m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, W a M Y Community Action Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Cincinnati Catholic Cemetery Society ($2.1m), Johnson County Emergency and Rescue Squad Inc ($2.1m) and Illinois Alcoholism & Drug Depen- Dence Association ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $117k (5.2% of expenses). Other salaries and wages came to $369k. At year end it held assets of $1.5m against liabilities of $710k, net assets of $826k. It reported 27 employees.