Waccamaw Youth Center Inc

Analysis

Waccamaw Youth Center Inc is a registered charity in United States, based in Conway, SC. It received its IRS tax-exemption ruling in September 1992, 34 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 December 2023, Waccamaw Youth Center Inc reported income of $821k and spending of $702k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $578k to $821k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waccamaw Youth Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include The North Texas Crime Commission Inc ($821k), The Montpelier Steeplechase and Equestrian Foundation ($821k) and Castlewood Foundation ($821k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $71k (10% of expenses). Other salaries and wages came to $325k. At year end it held assets of $1.0m against liabilities of $106k, net assets of $910k. It reported 20 employees.