Wabash Economic Growth Alliance Inc

Analysis

Wabash Economic Growth Alliance Inc is a registered charity in United States, based in Attica, IN. It received its IRS tax-exemption ruling in August 2022, 4 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 (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, Wabash Economic Growth Alliance Inc reported income of $525k and spending of $154k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $220k to $525k (+139%), an average of +139% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wabash Economic Growth Alliance Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Greater Maitland Civic Center ($525k), Grove Hall Neighborhood Development Corporation ($526k) and Junior League of Charlotte Inc ($525k).

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 $107k (69% of expenses). At year end it held assets of $615k against liabilities of $0, net assets of $615k.