Wake Enterprises Inc

Analysis

Wake Enterprises Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover employment, 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 June 2023, Wake Enterprises Inc reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.4m (-6.8%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wake Enterprises Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Southwest Training Services Inc ($2.4m), Arise Chicago ($2.4m) and Piedmont Business Capital ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $4.2m against liabilities of $657k, net assets of $3.6m.