Olde Worthington Business Association

Analysis

Olde Worthington Business Association is a registered charity in United States, based in Worthington, OH. It received its IRS tax-exemption ruling in September 2017, 9 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, Olde Worthington Business Association reported income of $315k and spending of $300k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $315k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Olde Worthington Business Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Advanced Employment Group ($314k), Karl Perl Charitable TR ($315k) and Hayti Facilities Corporation ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $146k. At year end it held assets of $168k against liabilities of $16k, net assets of $152k. It reported 4 employees.