Wow Center

Analysis

Wow Center is a registered charity in United States, based in Merchantville, NJ. It received its IRS tax-exemption ruling in July 2021, 5 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 December 2023, Wow Center reported income of $402k and spending of $258k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $402k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wow Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Walk Bike Go ($402k), Employment Services & Support Inc ($402k) and Polk Vision Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $54k (21% of expenses). Other salaries and wages came to $75k. At year end it held assets of $503k against liabilities of $226k, net assets of $277k. It reported 5 employees.