Wetzel Homes Inc

Analysis

Wetzel Homes Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Wetzel Homes Inc reported income of $67k and spending of $94k, spending 140% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $82k to $67k (-18%), an average of -6.5% a year. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wetzel Homes Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Spina Bifida Association of Arizona Inc ($67k), Jyoti Sadhana Center Corporation ($67k) and Ron and Vicki Santo Diabetic Alert Dogs Foundation ($67k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $606k against liabilities of $872k, net assets of -$267k.

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.