Witan Corp

Analysis

Witan Corp is a registered charity in United States, based in Fairlawn, OH. It received its IRS tax-exemption ruling in September 2019, 7 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 May 2024, Witan Corp reported income of $177k and spending of $156k, spending 88% of its income. Across the 4 years on record, from May 2021 to May 2024, income fell from $191k to $177k (-7.1%), an average of -2.4% a year. The sharpest change came in the year to May 2023, when income rose by 34%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Witan Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Pittsburgh Region Clean Cities Inc ($177k), Lifeworks Inc ($177k) and Barcon Vocational Builders Inc ($177k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 33% and program service revenue 3.9% of the total. At year end it held assets of $529k against liabilities of $0, net assets of $529k.