Wentworth Economic Development Corporation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 20% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
FOUNDED FOR THE SOLE PURPOSE OF PROMOTING ECONOMIC GROWTH IN THE EASTERN LAKES REGION
- Income
- $269,573
- Spending
- $194,954
- Spent on programs
- 20%
- Reserves
- 11.6 months of spending
- Largest source of income
- donations and private grants, 51%
- Employees
- 2
- Volunteers
- 5
- Highest pay
- $71,400, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 53 out of 100. Higher than 22% of charities in its peer group (community improvement, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 11.6 months of spending.
Debt
10 of 20It owes 49% of what it owns.
Living within its means
15 of 15Income exceeded spending by 28% of income.
Income trend
0 of 15Income fell 54% on the year before.
Spending floor
0 of 1520% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 97 out of 100. Higher than 88% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $39,362 spent. WEDCO IS A 501(c) 3 OPERATING IN SOUTHERN CARROLL AND NORTHERN STRAFFORD COUNTIES WITH A STATED MISSION TO ADVISE, FINANCE AND PROMOTE THE SMALL BUSINESS ECONOMY IN THE EASTERN LAKES REGION OF NEW HAMPSHIRE. WE FINANCE THOSE THAT MAY NOT MEET THE STANDARDS OF LARGER FINANCIAL INSTITUTIONS FOCUSING ON CHARACTER, CAPACITY TO REPAY AND CLARITY OF THE BUSINESS PLAN, WEDCO STRIVES TO ENSURE SUSTAINABILITY OF OUR FUNDING SOURCES WHILE WORKING WITH THE OFTEN FINANCIALLY UNDERSERVED. WE ARE COMMITTED TO BUSINESS ADVISING FOR ALL SMALL BUSINESS ENTREPENEURS. TOO MANY GREAT IDEAS FAIL BECAUSE OF LACK OF BUSINESS ACUMEN. WE CONNECT OUR CLIENTS AT NO EXPENSE TO THE RESOURCES THEY NEED FOR LONG TERM SUCCESS
- WE ALSO WORK WITH COMMUNITY PARTNERS TO HELP LOW TO MODERATE INCOME INDIVIDUALS ACIEVE THEIR GOALS THROUGH TECHNICAL ASSISTANCE PROGRAMS DESIGNED TO BUILD MORE BUSINESS EDUCATED ENTREPRENEURS. OUR PROMOTION OF THE SMALL BUSINESS ECONOMY OF THE EASTERN LAKES REGION HELPS BRING ECONOMIC STABILITY WHERE IT IS NEEDED MOST. WHEN ONE BUSINESS DOES WELL, A NEIGHBORING BUSINESS MAY DO WELL. WHEN ONE BUSINESS STRUGGLES, A NEIGHBORING BUSINESS MAY STRUGGLE. WORKING IN CONJUNCTION WITH REGIONAL ECONOMIC DEVELOPMENT COMMITTEES AND MUNICIPALITIES WILL HELP BUILD A MORE BUSINESS FRIENDLY ENVIROMENT WHICH IN TURN WILL LEAD TO A HEALTHY SMALL BUSINESS ECONOMY
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1996.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.