West Atlantic Redevelopment Coalition Inc

Analysis

West Atlantic Redevelopment Coalition Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in November 1998, 28 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 2023, West Atlantic Redevelopment Coalition Inc reported income of $546k and spending of $894k, spending 164% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $546k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Atlantic Redevelopment Coalition Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Missoula Downtown Foundation Inc ($546k), Project Houston Community Development Corporation ($546k) and Refuge Bowling Green ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. It paid $10k in professional fundraising fees. At year end it held assets of $384k against liabilities of $0, net assets of $384k.