Wentworth Corporation

Analysis

Wentworth Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Wentworth Corporation reported income of $132k and spending of $232k, spending 176% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $134k to $132k (-2.0%), an average of -0.5% a year. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wentworth Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within RI. Charities of a similar size with the same main cause include Tyro School Apartments Inc ($132k), Henderson Supportive Housing Inc ($132k) and Meadowood Glen II Limited ($132k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $677k against liabilities of $1.6m, net assets of -$887k.

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.