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Filing year 2023

WHARTON ECONOMIC DEVELOPMENT CORP

Wharton, Texas·EIN 76-0573917·NTEE S30 · Community Improvement & Capacity Building·3
Total revenue
$1.1M
Total assets
$2.2M
Total expenses
$591k
Reported officers
9
Mission

TO DEVELOP A POSITIVE CLIMATE FOR BUSINESSES AND INDUSTRIAL GROWTH AND INVESTMENT; ASSIST IN THE CREATION OF JOBS; INCREASE THE TAX BASE OF THE VARIOUS TAXING ENTITIES; DIVERSIFY THE LOCAL ECONOMY TO MAKE IT MORE IMPERVIOUS TO STATE AND NATIONAL ECONOMIC RECESSION; AND MAKE PLANS AND TAKE NECESSARY ACTIONS TO INSURE THAT ALL NECESSARY INFRASTRUCTURE IS IN PLACE TO ALLOW FOR PROPER DEVELOPMENT OF WHARTON, TEXAS.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

Former Exec
board member
$104k
$114k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Up 7%
from 2022

From $97k in 2022 to $104k in 2023.

$97k
2022
$104k
2023
In today's dollarsEst.
Up 2% in real terms$111k to $114k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

WHARTON ECONOMIC DEVELOPMENT CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.1M
$1M
2022
$1.1M
$591k
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Texas

Comparable community improvement & capacity building organizations in Texas pay their highest-earning executive a median of $60,700.

25th percentile
$30k
Median
$60,700
75th percentile
$116k
90th percentile
$266k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 94 organizations across 94 filings (2022 – 2023).

See full Community Improvement & Capacity Building pay data for Texas
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