Greater Wilmington Youth Initiative Inc

Analysis

Greater Wilmington Youth Initiative Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Greater Wilmington Youth Initiative Inc reported income of $423k and spending of $491k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $646k to $423k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Wilmington Youth Initiative Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Anchorage Curling Foundation Inc ($423k), Scots Baseball Club ($423k) and St Albans Skating Association Inc ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $74k (15% of expenses). Other salaries and wages came to $145k. At year end it held assets of $903k against liabilities of $24k, net assets of $880k. It reported 9 employees.