The West 500 Corporation

Analysis

The West 500 Corporation is a registered charity in United States, based in Waycross, GA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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, The West 500 Corporation reported income of $53k and spending of $44k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $55k to $53k (-4.8%), an average of -4.8% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The West 500 Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within GA. Charities of a similar size with the same main cause include Global Gospel Books ($53k), Northeastern Ohio Christian Youth Camp ($53k) and Little League Baseball Inc ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $11k, net assets of $120k.