Wartburg Home Foundation Inc

Analysis

Wartburg Home Foundation Inc is a registered charity in United States, based in Mount Vernon, NY. It received its IRS tax-exemption ruling in July 1992, 34 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 December 2023, Wartburg Home Foundation Inc reported income of $1.0m and spending of $3.9m, spending 377% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $733k to $1.0m (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 218%. Over the whole period it spent 266% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wartburg Home Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Affordable Housing Corporation of Glassboro ($1.0m), National Affordable Housing Preservation Associates Inc ($1.0m) and Maywood Manor Senior Housing Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% of the total. At year end it held assets of $21.4m against liabilities of $11.1m, net assets of $10.3m.

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.