Downtown Wadsworth Inc

Analysis

Downtown Wadsworth Inc is a registered charity in United States, based in Wadsworth, OH. It received its IRS tax-exemption ruling in April 2006, 20 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, Downtown Wadsworth Inc reported income of $198k and spending of $175k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $141k to $198k (+40%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Wadsworth 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 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Boone County Youth Soccer Association ($198k), PTA California Congress of Parents Teachers & Students Inc ($198k) and Newark Days Celebration Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Other salaries and wages came to $75k. At year end it held assets of $96k against liabilities of $15k, net assets of $81k.