Wny Mennonite Retirement Community Inc

Analysis

Wny Mennonite Retirement Community Inc is a registered charity in United States, based in Clarence Center, NY. It received its IRS tax-exemption ruling in August 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wny Mennonite Retirement Community Inc reported income of $1.6m and spending of $1.9m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.6m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wny Mennonite Retirement Community Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Southside Outreach Group Inc ($1.6m), Shorefront Towers Housing Development Fund Corporation ($1.6m) and John W Graham Emergency Shelter Services Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $415k. At year end it held assets of $5.2m against liabilities of $5.4m, net assets of -$177k. It reported 18 employees.