Ida B Wells Inc

Analysis

Ida B Wells Inc is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in September 2001, 25 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 July 2022, Ida B Wells Inc reported income of $452k and spending of $602k, spending 133% of what it took in. Across the 3 years on record, from July 2020 to July 2022, income grew from $424k to $452k (+6.6%), an average of +3.3% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ida B Wells Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Residences at Neponset Field Inc ($452k), Housing Innovations & Programming ($452k) and Durham Housing Assoc Inc ($451k).

On its Form 990 for the period ending July 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $76k. At year end it held assets of $2.9m against liabilities of $1.3m, net assets of $1.6m.

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.