WNC King-Nantahala Inc

Analysis

WNC King-Nantahala Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, WNC King-Nantahala Inc reported income of $214k and spending of $216k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $177k to $214k (+21%), an average of +4.8% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, WNC King-Nantahala Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Association for the Mentally and Physically Disabled ($214k), Ohio Merchants ($214k) and Greater Lowell Chamber Foundation ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $302k against liabilities of $682k, net assets of -$380k.