W4h Asheville

Analysis

W4h Asheville is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, W4h Asheville reported income of $971k and spending of $953k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $971k (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, W4h Asheville sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Partnership Douglas County Inc ($971k), United Chinese Association of Brooklyn Inc ($971k) and Hardy County Committee on Aging Inc ($971k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $85k (8.9% of expenses). Other salaries and wages came to $331k. At year end it held assets of $553k against liabilities of $264k, net assets of $289k. It reported 11 employees.