Downtown Wapak Partnership

Analysis

Downtown Wapak Partnership is a registered charity in United States, based in Wapakoneta, OH. It received its IRS tax-exemption ruling in May 2008, 18 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 2024, Downtown Wapak Partnership reported income of $57k and spending of $50k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $76k to $57k (-25%), an average of -25% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Wapak Partnership sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within OH. Charities of a similar size with the same main cause include Envision Williamston ($57k), Georgia Goodwill Association Inc ($57k) and Leadership Harrison County Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 70% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.