Enact Inc

Analysis

Enact Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Enact Inc reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Enact Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within WV. Charities of a similar size with the same main cause include Adoption Options ($1.4m), Disability Action Center ($1.4m) and Home and Environments for Living and Programs Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (2.5% of expenses). Other salaries and wages came to $377k. At year end it held assets of $135k against liabilities of $216k, net assets of -$81k. It reported 16 employees.