Winterhaven Apartments Inc

Analysis

Winterhaven Apartments Inc is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Winterhaven Apartments Inc reported income of $123k and spending of $106k, spending 86% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $111k to $123k (+12%), an average of +3.7% a year. The sharpest change came in the year to March 2021, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Winterhaven Apartments Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within WI. Charities of a similar size with the same main cause include Girls Love to Fly Inc ($123k), Sinto Senior Activity Center ($123k) and Washington Historical Society Inc ($123k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $18k. At year end it held assets of $122k against liabilities of $347k, net assets of -$225k.