Wartburg Residential Community Inc

Analysis

Wartburg Residential Community Inc is a registered charity in United States, based in Mount Vernon, NY. It received its IRS tax-exemption ruling in August 1993, 33 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 Residential Community Inc reported income of $2.6m and spending of $2.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.6m (-26%), an average of -7.1% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wartburg Residential Community Inc 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 85th percentile within NY. Charities of a similar size with the same main cause include Ezekiel Foundation Inc ($2.6m), Interfaith Council for Action Inc ($2.6m) and Diocesan Bureau of Housing Deering Pavilion ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 60% of the total. At year end it held assets of $7.8m against liabilities of $2.1m, net assets of $5.8m.

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.