Welles Country Village Ltd

Analysis

Welles Country Village Ltd is a registered charity in United States, based in Vernon Rockville, CT. It received its IRS tax-exemption ruling in April 1978, 48 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, Welles Country Village Ltd reported income of $2.6m and spending of $2.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.6m (+7.1%), an average of +1.7% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Welles Country Village Ltd sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Energy Share of Montana Inc ($2.6m), Autumngold Senior Services Inc ($2.6m) and National Development Foundation Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $364k. At year end it held assets of $5.0m against liabilities of $2.3m, net assets of $2.7m. It reported 8 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.