Womens League Community Residences Inc

Analysis

Womens League Community Residences Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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, Womens League Community Residences Inc reported income of $44.2m and spending of $42.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.1m to $44.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Womens League Community Residences Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Anderson Center Services Inc ($44.1m), Casey County Hospital District ($44.2m) and Greater Lawrence Community Action Council Inc ($44.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $758k (1.8% of expenses). Other salaries and wages came to $26.2m. At year end it held assets of $32.9m against liabilities of $9.9m, net assets of $23.0m. It reported 798 employees.