Agile City Winston-Salem

Analysis

Agile City Winston-Salem is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Agile City Winston-Salem reported income of $246k and spending of $287k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $743k to $246k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 244%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Agile City Winston-Salem sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Next Level Leaders ($246k), Campaign for a Drug Free Westside Inc ($246k) and PAC Inter City Missions ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $164k (57% of expenses). Other salaries and wages came to $1,385. At year end it held assets of $45k against liabilities of $601, net assets of $44k. It reported 2 employees.