West Marion Inc

Analysis

West Marion Inc is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in June 2018, 8 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 June 2023, West Marion Inc reported income of $975k and spending of $1.1m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $451k to $975k (+116%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Marion Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Service Enterprises Inc of Minnesota ($974k), Mahoning Valley Manufacturers Foundation Inc ($975k) and Texas Rural Funders ($973k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $98k (8.6% of expenses). Other salaries and wages came to $279k. At year end it held assets of $443k against liabilities of $12k, net assets of $431k. It reported 6 employees.