Wilson Street Aprtments Inc

Analysis

Wilson Street Aprtments Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Wilson Street Aprtments Inc reported income of $175k and spending of $242k, spending 138% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $162k to $175k (+8.0%), an average of +1.9% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wilson Street Aprtments Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include Mid-Peninsula Greenridge Inc ($175k), Foley Housing Partners LLC ($175k) and Catholic Housing Corporation Oflansford Inc ($175k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $350k, net assets of $816k.

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.