Babe of Wabash County Inc

Analysis

Babe of Wabash County Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in July 2021, 5 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, Babe of Wabash County Inc reported income of $245k and spending of $109k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $116k to $245k (+112%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 166%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Babe of Wabash County Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Room to Grow ($245k), Harlan County Senior Services Inc ($245k) and Union Cross Thrift Store ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.5% of the total. Other salaries and wages came to $49k. At year end it held assets of $355k against liabilities of $31k, net assets of $324k. It reported 4 employees.