The Mary Wade Home Incorporated

Analysis

The Mary Wade Home Incorporated is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 1934, 92 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Mary Wade Home Incorporated reported income of $17.4m and spending of $17.9m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $14.8m to $17.4m (+18%), an average of +4.2% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Mary Wade Home Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Mental Health Center of East Central Kansas a Corporation ($17.4m), Yehowa Medical Services ($17.4m) and Association of Womens Health Obstetric and Neonatal Nurses ($17.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $451k (2.5% of expenses). Other salaries and wages came to $8.9m. It paid $40k in professional fundraising fees. At year end it held assets of $50.0m against liabilities of $50.4m, net assets of -$454k. It reported 434 employees.

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.