Whitinsville Retirement Society Inc

Analysis

Whitinsville Retirement Society Inc is a registered charity in United States, based in Whitinsville, MA. It received its IRS tax-exemption ruling in September 1976, 50 years ago. 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 January 2024, Whitinsville Retirement Society Inc reported income of $756k and spending of $694k, spending 92% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $518k to $756k (+46%), an average of +9.9% a year. The sharpest change came in the year to January 2022, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Whitinsville Retirement Society Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include St Peters Athletic Association Corporation ($756k), Housing Partnership of Chester County Inc ($756k) and Lodge Life Services Inc ($756k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Other salaries and wages came to $323k. At year end it held assets of $1.4m against liabilities of $5,895, net assets of $1.4m. It reported 23 employees.