Waverly Residence Inc

Analysis

Waverly Residence Inc is a registered charity in United States, based in Bohemia, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2024, Waverly Residence Inc reported income of $76k and spending of $79k, spending 103% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $73k to $76k (+4.9%), an average of +1.0% a year. The sharpest change came in the year to April 2023, when income rose by 118%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waverly Residence Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Society of Saint Vincent de Paul St Bruno Conference ($76k), Samaritans of the Conneaut Lake Area Inc ($76k) and Parallel Resource Corporation Inc ($76k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $457k against liabilities of $640k, net assets of -$183k.