Wardwell Commons Elderly Housing Inc

Analysis

Wardwell Commons Elderly Housing Inc is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Wardwell Commons Elderly Housing Inc reported income of $130k and spending of $136k, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $102k to $130k (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wardwell Commons Elderly Housing Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include Kentucky Religious Coalition for Reproductive Choice Inc ($130k), PTA California Congress of Parents Teachers & Students Inc ($130k) and Find Ignite Transform Inc ($130k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. At year end it held assets of $545k against liabilities of $938k, net assets of -$393k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.