Wacom

Analysis

Wacom is a registered charity in United States, based in Ridgecrest, CA. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Wacom reported income of $107k and spending of $114k, spending 107% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income grew from $92k to $107k (+16%), an average of +16% a year. The sharpest change came in the year to May 2024, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wacom sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Seeds of Life Inc ($107k), Houlton Fair Association ($107k) and Circle G Mountain Ministry Inc ($107k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.