Wiregrass Resource Group Inc

Analysis

Wiregrass Resource Group Inc is a registered charity in United States, based in Tifton, GA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Wiregrass Resource Group Inc reported income of $1.1m and spending of $957k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $1.1m (+143%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wiregrass Resource Group Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include One Sumter Economic Development Foundation Inc ($1.1m), Be Pro Be Proud Inc ($1.1m) and South Berkeley Neighborhood Development Corporation ($1.1m).

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 $240k (25% of expenses). Other salaries and wages came to $260k. At year end it held assets of $199k against liabilities of $46k, net assets of $153k. It reported 21 employees.