Waccamaw Economic Opportunity Council Inc

Analysis

Waccamaw Economic Opportunity Council Inc is a registered charity in United States, based in Conway, SC. It received its IRS tax-exemption ruling in March 1966, 60 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 (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 2022, Waccamaw Economic Opportunity Council Inc reported income of $16.8m and spending of $16.4m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $12.9m to $16.8m (+30%), an average of +9.2% a year. 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, Waccamaw Economic Opportunity Council Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Winston-Salem Industries for the Blind Inc ($16.7m), Productive Alternatives Inc ($16.8m) and Southwest Organizing Project ($16.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $219k (1.3% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $6.0m against liabilities of $3.4m, net assets of $2.5m. It reported 205 employees.